HDFC Bank Share Price Flat After Q3 Results; Stock Market Today Tracks Earnings Impact

Market Performance: HDFC Bank Share Price Holds Steady

The HDFC Bank share price remained largely unchanged after the bank announced its Q3 FY26 results, reflecting a cautious mood in the stock market today.

On Monday, the stock moved in a tight range and slipped as much as 0.76% to ₹924.00 on the BSE, before stabilising. The price action suggests that the market had already factored in most of the reported numbers.

At around 9:50 AM, HDFC Bank share price was trading 0.13% lower at ₹929.90 on the BSE, mirroring the broader market’s wait-and-watch approach.

Main News: Q3 Results Reveal Steady Profit Growth

HDFC Bank delivered steady earnings growth in the third quarter of FY26, even as margins and asset quality showed limited movement.

Key financial highlights from Q3 FY26:

• Net Profit: ₹18,653.75 crore
  • Up 11.4% year-on-year
• Net Interest Income (NII): ₹32,615 crore
  • Growth of 6.4% YoY
• NII in Q3 last year: ₹30,653 crore

Margins remained stable during the quarter.

• Core Net Interest Margin (NIM):
  • 3.35% on total assets
  • 3.51% on interest-earning assets

These numbers indicate that core profitability stayed intact despite a challenging operating environment.

Asset Quality: Stable Ratios, Higher Absolute NPAs

Asset quality numbers were largely unchanged on a sequential basis, but absolute NPA figures increased.

• Gross NPA Ratio: 1.24% (flat QoQ)
• Net NPA Ratio: 0.42% (flat QoQ)

In absolute terms:

• Gross NPAs:
  • Rose 2.59% QoQ to ₹35,178.98 crore
  • Previous quarter: ₹34,289.48 crore
• Net NPAs:
  • Increased 4.66% QoQ to ₹11,981.75 crore
  • Previous quarter: ₹11,447.29 crore

While ratios stayed steady, the rise in absolute numbers highlights the slow build-up of stressed assets during the quarter.

Loans and Deposits: Growth Mismatch Visible

Loan growth improved during the quarter, but deposit growth lagged, creating some pressure on overall balance sheet dynamics.

• Loan Growth: 12% YoY
• Deposit Growth: 11.6% YoY
• Credit-Deposit (CD) Ratio: 98.7%

The higher CD ratio points to loan growth running ahead of deposit mobilisation, a key metric closely watched in the stock market today.

HDFC Bank Share Price History: A Mixed Trend

The recent price performance of HDFC Bank shares shows short-term pressure despite long-term gains.

• Down 6% in one month
• Down over 7% in three months
• Up 13% in one year
• Gained 25% over five years

This contrast explains why the HDFC Bank share price reacted calmly to Q3 results, with investors balancing near-term softness against long-term performance.

Summary: What the Market Took Away?

To sum it up, the Q3 FY26 results presented a familiar picture for HDFC Bank:

• Consistent profit growth
• Stable margins
• Asset quality ratios holding steady
• Loan growth improving faster than deposits
• Share price staying largely flat post-results

In the stock market today, HDFC Bank’s numbers did not trigger sharp moves, suggesting the results were broadly in line with market expectations. The calm reaction reflects how closely tracked the bank is—and how little room there is for surprise in a stock of this size and significance.

Source: Livemint