Indian lender HDB Financial reports lower quarterly profit

HDB Financial Services

15/07/2025 12:31

BENGALURU, July 15 (Reuters) - India's HDB Financial Services HDBF.NS, a unit of lender HDFC Bank HDBK.NS, posted a lower first-quarter profit on Tuesday, hurt by higher provisions for bad loans.

The non-bank lender posted a consolidated profit after tax of 5.68 billion rupees ($66.2 million) for the quarter ended June 30, down from 5.82 billion rupees a year earlier.

These are the first quarterly earnings of the company since its trading debut earlier this month.

($1 = 85.8140 Indian rupees)

 (Reporting by Nishit Navin and Kashish Tandon; Editing by Mrigank Dhaniwala)

 ((Nishit.Navin@thomsonreuters.com;))