HDB Financial Services Ltd

Meeting Details

• Date: October 14, 2026.
• Type/Mode: earnings call, audio recording.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: discuss unaudited results for quarter ended September 30, 2026.

Additional Notes

• Recording available on the company’s investor website.

Issue overview

• Type of issue: IPO of equity shares.
• Total issue size and net proceeds: revision observed; no undersubscription.
• Main objectives: augment Tier I capital and fund offer-related expenses.

Utilisation of Proceeds

• Utilisation is as per disclosures; no material deviation.
• Funds reallocated from Tier I capital to offer expenses; board approval.
• Offer expenses rose; partial utilisation; some funds remain unutilised.
• Unutilised funds: parked in public issue account.
• Progress: Tier I completion target unchanged; no delays.

Governance and Compliance

• All statutory approvals obtained.
• Shareholder approvals: not applicable for deviations.
• No material deviations reported; no adverse events.
• Any other material information: none.

GCP

• GCP not applicable.

Business overview

• Subsidiary of HDFC Bank; RBI-licensed NBFC (Upper Layer).
• Three core lines: Enterprise Lending, Asset Finance, Consumer Finance.

Operational highlights

• Gross loan book ₹1,24,469 Cr; disbursements ₹18,522 Cr in Q2 FY27.
• Customer franchise 24.8 million; 1,701 branches across 1,156 cities.
• Interim dividend ₹2 per share; record date 23 Oct 2026.
• Borrowings mix: 43% bank loans, 28% NCDs; diversified funding.
• NIM 8.23%; GNPA 2.43%; NNPA 1.09%.

Financial performance

• PAT ₹780 Cr; Net interest income ₹2,534 Cr; Net income ₹2,891 Cr.
• PPOP ₹1,756 Cr; Credit cost ₹730 Cr.
• EPS ₹9.4; BV per share ₹266.7; RoA 2.42%; RoE 14.4%.

Capital structure & liquidity

• CRAR 21.37%; long-term debt ratings CARE AAA / CRISIL AAA; short-term A1+.
• Interim dividend declared; liquidity metrics supported by diversified funding mix.
• ALM framework aligned with risk appetite; LCR monitored.

Strategic priorities & outlook

• AI-powered onboarding: Gen AI NTB, 500k documents/day; 1.2x sales productivity.
• Gen AI-based journeys; 8M+ reach; voice bots for servicing.
• AI-powered collections, fraud framework; target 30% collections automation.

Risks & governance

• Board independence >75%; two women independent directors; ESG policy framework.
• ISO 22301 & ISO 27001 certifications; risk-management and governance committees.

ESG & CSR

• ESG rating Sustainalytics 21.2; 98.31% paperless onboarding.
• CSR spend ₹3,098 Mn; 16k+ farmers financed; 16lakh+ lives impacted.
• 100+ CSR projects; 70k saplings planted; all-women branch established.

Key financial highlights

• PAT ₹780 crore in Q2FY27, up 34.2% YoY.
• NII ₹2,534 crore, up 15.6% YoY.
• Net total income ₹3,188 crore, up 11.8% YoY.
• Disbursements ₹18,522 crore, up 18.7% YoY.
• AUM ₹1,24,638 crore, up 11.6% YoY.
• Gross loan book ₹1,24,469 crore, up 11.7% YoY.
• Stage 3 gross loans 2.43% of total gross loans.
• Net Stage 3 loans 1.09% of gross loans.
• Provision coverage on Stage 3 assets 55.00%.
• Interim dividend ₹2 per equity share; record date 23 Oct 2026.
• Distribution network: 1,701 branches across 1,156 cities/towns.

Dividend details

• Interim dividend of ₹2.00 per equity share.
• Dividend is 20% of face value (₹10).
• Financial year 2026-27.
• Record date: 23 October 2026.
• Payable to equity shareholders on record date.

Resignation of Company Secretary and KMP

• Ms. Dipti Jayesh Khandelwal resigns as Company Secretary and Head Legal (KMP), Compliance Officer and Nodal Officer.
• Resignation tendered on September 29, 2026; effective from 30 October 2026 (close of business hours).
• Reason: to pursue career opportunities outside the Company.
• Brief profile: Not Applicable.
• Disclosure of relationships with directors or promoters: Not Applicable.
• KMP status and Nodal Officer role to cease on resignation.

Meeting Details

• Date and time: October 14, 2026 at 6:30 p.m. IST.
• Type and mode: group meeting conducted as a conference call (virtual).
• Organizer: earnings call hosted by HDB Financial Services Limited.
• Nature: discuss unaudited quarterly/half-year results with analysts and investors.
• Replay: audio replay to be available on company website.

Participants

• Key company participants: senior management (roles not specified).

Purpose

• Purpose: discuss unaudited financial results for quarter and half year ending Sep 30, 2026.

Additional Notes

• Recording: audio replay will be available on the company website.

Meeting Details

• Board meeting date: October 14, 2026.
• Time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for quarter and half year ending September 30, 2026.

Other Notes

• Trading window closed Oct 1–16, 2026 for promoter, designated persons, directors, and their immediate relatives.

ESOP Allotment

• Allotted 29,480 ESOP shares on Sept 21, 2026, increasing paid-up capital from Rs 8,30,76,49,350 to Rs 8,30,79,44,150.

NCD Allotment Details

• Allotted 20,000 NCDs at Rs 10 lakh face value each, aggregate Rs 20,18,17,01,644.
• Debentures proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
• ISIN: INE756I07EV7.
• Tenure: 1064 days.
• Date of allotment: September 9, 2026.
• Date of maturity: August 8, 2029.
• Coupon/interest: 8.0500% (XIRR 7.9599%).
• Payment schedule: August 8, 2027; August 8, 2028; and maturity August 8, 2029.
• Charge: First exclusive charge by hypothecation over receivables; asset cover 1.1x.
• Redemption: Redeemable on maturity at Par.
• Special rights: Not Applicable.