India's HDB Financial Services falls as quarterly profit misses view

HDB Financial Services

15/10/2026 05:25

** Shares of HDB Financial Services HDBF.NS fall 3.9% to 561 rupees
** Brokerage Jefferies says HDBF's Q2 profit was below estimates due to lower fee income and slightly higher provision; cuts PT to 800 rupees from 880 rupees
** Emkay says HDBF reported a softer quarter in terms of growth and profitability; cuts PT to 625 rupees from 675 rupees
** JM Financial says HDBF reported weak quarter with asset quality slipping despite improving disbursement momentum; cuts PT to 650 rupees from 820 rupees
** Ambit says net interest margins could face pressure as funding costs rise in subsequent quarters
** HDBF posted a 34.2% Y/Y rise in Q2 profit on Wednesday
** YTD, HDBF down ~27%

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))