HDFC Bank Q3 Revenue Tops Estimates, Record INR17,917 Crore Disbursements Drive 36% PAT Jump
HDFC Bank’s Q3 2026 revenue rose 3.8% year-over-year to $5.06 billion, beating forecasts by $15.19 million, while EPS of $0.40 topped consensus by $0.01. Record disbursements of INR17,917 crore (+15% quarter-over-quarter) and 12% YoY loan growth to INR1,14,577 crore drove a 36% PAT increase, with asset quality at 95.22%.
1. Q3 2026 Financial Performance
During Q3 2026, HDFC Bank reported revenue of $5.06 billion, a 3.79% year-over-year increase that exceeded analyst estimates by $15.19 million. Earnings per share reached $0.40, beating consensus by $0.01 and reflecting continued margin stability.
2. Loan Disbursement and Credit Growth
Record loan disbursements totaled INR17,917 crore, up 15% quarter-over-quarter, driven primarily by consumer finance and asset-backed lending. The bank’s total loan book expanded 12% year-over-year to INR1,14,577 crore, underscoring strong demand across retail and wholesale segments.
3. Profit and Asset Quality Improvement
Profit after tax grew 36% year-over-year, or 45% on a comparable basis excluding a one-time labour code provision. The stage-1 asset quality ratio rose to 95.22%, signaling a reduction in stressed assets.
4. Outlook and Growth Drivers
Management expects continued momentum in enterprise lending and asset finance, fueled by India’s infrastructure investment push and expanding rural economy, positioning the bank for further credit growth and margin enhancement.