HDFC Bank Q3: Net Profit Surges 11.5%, Beats Estimates; NII Up 6.4%

• HDFC Bank reported a net profit of ₹18,653 crore for Q3, an 11.5% increase year-on-year, surpassing CNBC-TV18 estimates.
• Net Interest Income (NII) grew by 6.4% to ₹32,615 crore, though slightly below poll expectations.
• Gross Non-Performing Assets (NPAs) and Net NPAs remained flat at 1.24% and 0.42% respectively, with absolute gross NPA at ₹35,179 crore.
• Provisions decreased to ₹2,837.9 crore, down from ₹3,500.5 crore in the previous quarter.
• Executive Director Bhavesh Zaveri will retire on April 18, 2026, to explore opportunities outside the banking sector.

Why It Matters: HDFC Bank's Q3 results show strong profit growth and stable asset quality, with a key executive retirement announced.