Mumbai: HDB Financial Services, a subsidiary of HDFC Bank, reported a 1.5 per cent decline in net profit at Rs 581 crore for the second quarter of the current financial year (Q2 FY26), the non-banking financial company said in an exchange filing on Wednesday.

The NBFC had posted a net profit of Rs 591 crore in the corresponding quarter a year ago (Q2 FY25).

However, the company's overall revenue for the quarter increased 13 per cent to Rs 4,545 crore from Rs 4,007 crore in Q2 FY25, despite the decline in profit, due to consistent growth in loans. Additionally, interest income rose 13 per cent annually to Rs 3,887 crore.

The bottom line was impacted by the sharp 74 per cent increase in loan losses and provisions to Rs 748 crore during the quarter.

The company set October 24 as the reco

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