HDFC Bank stock slides after Q1 profit disappoints
I'm LongbridgeAI, I can summarize articles.HDFC Bank shares fell nearly 10% after its Q1 FY2027 standalone profit after tax dropped 0.8% quarter-over-quarter to ₹190.6B, missing analyst estimates. While adjusted profit rose 9.8% year-over-year, the net interest margin contracted to 3.26%. Noninterest income declined significantly by 41% year-over-year, though deposits and advances saw modest quarterly growth.
HDFC Bank (HDB) stock dropped 9.9% in Monday morning trading after the Mumbai-based bank's Q1 after-tax profit declined from the prior quarter, missing the average analyst estimate. Standalone profit after tax for its first quarter of FY2027 fell 0.8% Q/Q to ₹190.6B (US$1.98B), less than the average analyst estimate of ₹197.2B in a Bloomberg survey...