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The Economic Times

Veer Sharma

HDB Financial shares jump 5% on Q1 profit cheer. What are Nomura, Motilal Oswal saying?

Nomura Motilal Oswal HDB Financial Services

Shares of HDB Financial Services jumped 4.5% to Rs 786 on the BSE on Thursday after the non-banking financial company reported a strong set of June quarter earnings, with profit rising 38% year-on-year, driven by higher net interest income and improved asset quality.

The company reported a profit after tax of Rs 785 crore for Q1FY27, compared with Rs 568 crore in the corresponding quarter last year. Net interest income (NII) increased 20% year-on-year to Rs 2,509 crore from Rs 2,092 crore, while net total income rose 17% to Rs 3,185 crore from Rs 2,726 crore.

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Federal judge halts ICE detention centre construction at California site over environmental review

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One subscription that gives you access to news from hundreds of sites

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