HDFC Bank shares jump over 2% as Q1 net profit jumps 12% YoY to Rs 18,155 crore; declares 1:1 bonus and Rs 5 special dividend
The bank reported a net profit of ₹18,155 crore, marking a 12.2% jump from ₹16,174 crore in the same period last year. Its core income—net interest income (NII)—also saw a steady 5.37% rise year-on-year to ₹31,438 crore, up from ₹29,837 crore.
That said, there was a mild dip in asset quality. Gross NPA edged up to 1.44% from 1.33% in the previous quarter, while net NPA increased slightly to 0.47% from 0.43%.
To reward shareholders, HDFC Bank announced a special interim dividend of ₹5 per share for FY26. The record date is July 25, and the dividend will be paid on August 11.
In another major announcement, the bank also approved a 1:1 bonus issue, meaning shareholders will get one bonus share for every share they hold. The record date for this is August 27, and shares are likely to be credited on or before September 18. This move will double the bank's paid-up share capital to over ₹1,533 crore, with 76.68 crore equity shares being issued from the Securities Premium Account. Brokerage Views
Brokerages remain bullish on HDFC Bank following its Q1 show: Bernstein has a Buy rating with a target price of ₹2,300 – an 18% upside from the current market price of ₹1,956.
Nuvama has a Buy call as well, with a price target of ₹2,270.
Nomura also remains positive, setting a target of ₹2,190.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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