HDFC Bank Q4 Earnings Preview: Net Profit Likely to Rise 9% as Net Interest Income Increases 6% Year-Over-Year with Maintained Margins, Dividend to Be a Key Focus

HDFC Bank Q4 Results 2026 Preview: What to Expect

HDFC Bank, the largest private-sector lender in India, is set to announce its Q4 results today, 18 April 2026. The board of directors of HDFC Bank will also consider a dividend for the financial year 2025-2026. The bank's Q4 earnings will be reported after the resignation of its Part-time Chairman and Independent Director, Atanu Chakraborty, in the month of March.

Industry Outlook

The banking sector is expected to report steady earnings in the fourth quarter of FY26, with modest revenue growth, stable-to-slightly weaker net interest margin (NIM), lower treasury gains, and benign asset quality. Investors will be closely watching HDFC Bank's Q4 results today, with key focus on the margins, credit growth, asset quality, and macroeconomic risks from the US-Iran war.

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Key Expectations

Analysts expect HDFC Bank to report a steady performance in the quarter ended March 2026, with a decent growth on net profit and NII on a year-on-year (YoY) basis. Sequentially, the performance is likely to remain largely flat.

Performance Outlook

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HDFC Bank may not see any challenge on the asset quality front, while the slippages during the quarter are also likely to remain under control. Analysts expect HDFC Bank's net profit growth in the range of 5-10% YoY, while its NII to grow in the range of 3-6% YoY. Healthy fee income growth and modest Opex growth is estimated to offset the drag from lower treasury income.

Key Indicators

• Gross Non-Performing Assets (NPA) ratio in Q4FY26 is expected to remain flat at 1.2% as against 1.2% in the previous quarter.
• Net NPA ratio is expected to remain flat sequentially at 0.4%.
• Advances in the March quarter are estimated to grow 3.8% QoQ, led by corporate, and gold loans.
• Deposit growth is expected to be strong at 5.5% QoQ.

Brokerage Firm Outlook

Motilal Oswal Financial Services expects HDFC Bank to deliver steady profitability, supported by improving growth, stable margins, and strong asset quality. Axis Securities expects HDFC Bank's Q4 net profit to jump 10.3% to ₹19,428 crore from ₹17,616 crore, YoY, while its NII to grow 5.5% to ₹33,835 crore from ₹32,066 crore, YoY.

Key Monitorables

The lender's management commentary on deposit accretion and resultant credit growth, and margin trajectory hereon, will be key monitorables in HDFC Bank's Q4 results today.