HDFC Bank sheds another leader as stock slumps post Q2 earnings release
Private lenders Axis Bank and HDFC Bank become major losers as Sensex slumps 700+ points
HDFC Bank reported a standalone net profit of ₹19,509.96 crore for the September quarter, marking a 5.2 per cent year-on-year increase. Alongside Axis Bank, HDFC Bank became a major laggard on the stock market as the Sensex plunged by over 700 points on Monday morning.
HDFC Bank reported a standalone net profit of ₹19,509.96 crore for the September quarter, marking a 5.2 per cent year-on-year increase. Alongside Axis Bank, HDFC Bank became a major laggard on the stock market as the Sensex plunged by over 700 points on Monday morning.
HDFC Bank reported a standalone net profit of ₹19,509.96 crore for the September quarter, marking a 5.2 per cent year-on-year increase. Alongside Axis Bank, HDFC Bank became a major laggard on the stock market as the Sensex plunged by over 700 points on Monday morning.
HDFC Bank stock slumped as low as 2.56% to ₹710.15 apiece on Monday morning, after the private lender announced its quarterly earnings on Saturday. It also announced that Kaizad Bharucha was stepping down as Deputy Managing Director of HDFC Bank by the end of the calendar year.
For the September quarter, HDFC Bank earned a total topline interest of ₹83,426.60 crore on a standalone basis, up 8.78 per cent year-on-year. Quarterly net profit jumped 5.2 per cent to ₹19,509.96 crore (from ₹18,641.28 crore). On a consolidated basis, net profit for the September quarter rose 5.55 per cent to ₹20,700 crore.
"Total balance sheet size as of September 30, 2026 was ₹45,778 billion as against ₹40,030 billion as of September 30, 2025," revealed the lender.
As of September 30, 2026, HDFC Bank operated through 9,706 branches and 20,881 ATMs across 4,177 cities and towns. It employs over 2.10 lakh people.
It also joined Axis Bank as the top two laggards on the Sensex and the Nifty this morning. The Sensex shed more than 700 points since its open, while the Nifty lost more than 200 points.
Axis Bank, over the weekend, stated it earned a net profit of ₹7,003.3 crore for the September quarter on a ₹36,418.8 crore topline interest.