HDFC Bank to Reveal Q2FY27 Results on October 17 Amid Leadership Change

HDFC Bank is set to disclose its financial results for the second quarter of FY27 on October 17, 2026. This announcement marks a significant moment as it will be the first under the leadership of new Managing Director and CEO Anup Bagchi. Analysts are projecting a modest performance, with expectations of single-digit growth in both net profit and net interest income (NII).

In the lead-up to the results, HDFC Bank has shared a business update indicating a 16.3% year-on-year increase in gross advances, reaching ₹32.19 lakh crore for the September quarter. Additionally, deposits grew by 16.8% year-on-year to ₹31.66 lakh crore, with current account and savings account (CASA) deposits rising 10.7% to ₹9.71 lakh crore. Despite these positive indicators, experts are cautious, forecasting a net profit increase of only 1% to 3%, estimating figures between ₹18,850 crore and ₹18,930 crore.

The anticipated NII for HDFC Bank is expected to rise by 7% to 9% year-on-year, projected to be in the range of ₹34,310 crore to ₹34,410 crore. This follows an NII of ₹33,535 crore in the previous quarter and ₹31,550 crore in Q2FY26. However, the net interest margin (NIM) is likely to remain flat, raising concerns about the bank's profitability in the current economic climate. Investors will be particularly attentive to management's insights regarding credit and deposit growth, as well as the outlook for margins during the earnings call.

The performance of HDFC Bank's shares has been under scrutiny, with the stock trading at ₹729.3, reflecting a decline of over 26% for the year. The stock has experienced significant volatility, dropping from around ₹825 in mid-July to a low of ₹681 in early September. Recently, it has shown signs of recovery, with a 2.3% increase on October 16, closing at ₹726. This upward movement has brought the stock above its 20-day and 50-day exponential moving averages (EMAs) for the first time since late September, suggesting a potential easing of the downtrend.

Looking ahead, the options market indicates that HDFC Bank shares could fluctuate by approximately ±3.3% by the October 27 expiry, with a projected range of ₹704 to ₹752. Historically, the stock has reacted moderately to its results, with significant movements occurring in the days following the announcements. Investors and traders will need to remain vigilant, as the stock's performance post-results could lead to further volatility in the coming weeks.