HDB Financial Services Ltd (HDBFS) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 10, 2026 3 min read

HDB Financial Services enters its Q1 FY27 results following a quarter of record-high disbursements and a stabilized asset quality profile. Investors will be looking for signs of sustained growth momentum toward the company's 18-20% medium-term CAGR target and clarity on whether NIMs can remain above the 8% floor amidst fluctuating borrowing costs.

Quick Details

Results date	July 15, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 2,399 Cr
Previous quarter PAT	Rs. 751 Cr
Previous quarter EBITDA margin	39.5%
Market cap	Rs. 61,024.38 Cr
CMP	Rs. 734.9

HDB Financial Services Ltd Q1 Results Date and Time

The board meeting is scheduled for July 15, 2026, to consider and approve the Q1 FY27 unaudited financial results.

The Q1 FY27 earnings call is scheduled for July 15, 2026, at 6:30 PM IST.

What to expect from HDB Financial Services Ltd's Q1 FY27 results

The company's growth trajectory remains a focal point, with management targeting a medium-term CAGR of Nominal GDP plus 6-7%. While Q4 FY26 disbursements reached an all-time high of Rs. 19,922 Cr, the 10.9% YoY AUM growth lagged the 18-20% CAGR target, making the Q1 disbursement pace a critical indicator of operational ramp-up. NIM stability is supported by a 55 bps YoY reduction in cost of funds to 5.77% as of Q4 FY26, though the marginal cost of Rs. 2,930 Cr in NCDs raised between April and July 2026, with coupons up to 8.28%, may test this margin floor. Credit costs in Q4 FY26 were 2.35%, comfortably within the 2.3% +/- medium-term guidance, and management will likely address whether the unsecured SME segment, which showed signs of easing in Q4, has transitioned back to growth.

Key Things To Watch

Performance vs Guidance Tracking

AUM Growth — 18-20% CAGR medium-term — 10.9% YoY in Q4 FY26
NIM — 8%+ floor — 8.23% in Q4 FY26
Credit Cost — 2.3% +/- medium-term — 2.35% in Q4 FY26
Cost-to-Income Ratio — 41.5-42% — 39.5% in Q4 FY26

Strategic execution and capital updates

Deployment of Rs. 2,930 Cr raised via NCDs between April and July 2026
Borrowing limit increased to Rs. 1,50,000 Cr following AGM approval
Progress on 50-50 new/used asset finance mix objective

Risks and headwinds to monitor

Unsecured SME business loan stress stabilization status
Impact of gold price moderation on sequential gold loan growth
Competitive intensity in the retail lending space

Frequently Asked Questions

How did HDB Financial Services' NIM perform in the previous quarter?

The NIM rose to 8.23% in Q4 FY26, an improvement of 14 bps QoQ and 68 bps YoY. Management attributed this to disciplined pricing and the completion of resetting higher-cost borrowings.

What is the status of the company's unsecured SME loan book?

Management noted in Q4 FY26 that the stress in the unsecured SME segment, which had persisted for five to six quarters, started easing off. The upcoming call will be watched to see if this stabilization has translated into a return to growth.

Is the company on track with its medium-term AUM growth guidance?

The company's Q4 FY26 AUM growth of 10.9% YoY is currently trailing its 18-20% CAGR medium-term target. Management is focused on a trajectory of Nominal GDP plus 6-7% and is looking for disbursement momentum to drive this growth.