INTEGRATED FILING — NBFC



General information about company

Scrip code 544429
NSE Symbol HDBFS
MSEI Symbol NOTLISTED
ISIN INE756I08058
Name of company HDB Financial Services Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 15-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 15-Jul-2025   11:10:00
End date and time of board meeting 15-Jul-2025   16:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results — NBFC
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Apr-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 38315250000 38315250000
(ii) Dividend Income 0 0
(iii) Rental Income 0 0
(iv) Fees and commission Income 0 0
(v) Net gain on fair value changes 249100000 249100000
(vi) Net gain on derecognition of financial instruments under amortised cost category -7400000 -7400000
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 3039300000 3039300000
(ix) Other revenue from operations
1 Other financial charges 3058200000 3058200000
Total other revenue from operations 3058200000 3058200000
Total Revenue From Operations 44654450000 44654450000
Other income 0 0
Total income 44654450000 44654450000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 9601490000 9601490000
Finance costs 17396700000 17396700000
Depreciation, depletion and amortisation expense 513500000 513500000
Fees and commission expense 0 0
Net loss on fair value changes 0 0
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 6696500000 6696500000
(f) Other expenses
1 Other Expenses 3120490000
Total other expenses 3120490000 3120490000
Total expenses 37328680000 37328680000
3 Total profit before exceptional items and tax 7325770000 7325770000
4 Exceptional items 0 0
5 Total profit before tax 7325770000 7325770000
7 Tax expense
8 Current tax 1884840000 1884840000
9 Deferred tax -236940000 -236940000
10 Total tax expenses 1647900000 1647900000
11 Net Profit Loss for the period from continuing operations 5677870000 5677870000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
15 Total profit (loss) for period 5677870000 5677870000
16 Other comprehensive income net of taxes -827400000 -827400000
17 Total Comprehensive Income for the period 4850470000 4850470000
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 8295670000 8295670000
Face value of equity share capital 10 10
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 7.13 7.13
Diluted earnings per share from continuing operations 7.11 7.11
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 7.13 7.13
Diluted earnings per share 7.11 7.11
23 Debt equity ratio 0.0515 0.0515
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block
Textual Information(1) 1.HDB Financial Services Limited ('the Company') is a Non-Banking Financial Company registered with the Reserve Bank of India. The Reserve Bank of India, under Scale Based Regulations has categorised the Company as Upper Layer (NBFC-UL), vide it’s circular dated January 16, 2025. 2.The above results for the quarter ended June 30, 2025, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 15, 2025, and subjected to limited review by the Joint Statutory Auditors of the Company in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time. 3.The unaudited financial results have been prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards ('Ind AS') 34 Interim Financial Reporting as prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time, other recognised accounting practices generally accepted in India, the circulars guidelines and directions issued by Reserve Bank of India from time to time and other relevant provisions of the Act. 4.The figures for the preceding quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the respective financial year, which were subject to Limited Review. 5.The Secured listed non-convertible debt securities of the Company are secured by first pari passu mortgage on immovable property situated at Heera Panna Commercial Complex, 3rd Floor, Dr. Yagnik Road, Rajkot and/or first and exclusive charge on receivables of the Company by way of hypothecation to the extent of minimum 1.0 times of the outstanding principal and interest thereon. 6.Pursuant to Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 read with Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper dated May 22, 2024, the Company has listed its Commercial Papers on National Stock Exchange of India Limited (NSE). 7.The Company has raised equity capital on June 30, 2025 through Initial Public Offer (IPO), of 16,89,18,917 equity shares of Rs. 10 each, comprising a fresh issue of 3,37,83,782 equity shares and 13,51,35,135 equity shares offered for sale by the selling shareholders. The equity shares were issued at a price of Rs 740 per equity share (including a Share Premium of Rs. 730 per equity share). Pursuant to the aforesaid allotment of equity shares, the issued, subscribed and paid- up capital of the Company stands increased to Rs 8,295.7 millions (82,95,66,727 Equity shares of Rs 10 each) and securities premium stands increased to Rs.57,966.6 millions (net of offer expenses Rs.413.81 millions). The Company's equity shares were listed on National Stock Exchange of India Limited and on BSE Limited on 02 July 2025. 8.Details of loans transferred / acquired during the quarter ended June 30, 2025 under the RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 are given below: (i)The company has not transferred any Non-Performing Assets. (ii)The company has not transferred any loan not in default. (iii)The company has not acquired any special mention account. (iv)The company has not acquired any stressed loan and loan not in default. 9.The Company does not have investment in any subsidiaries, associates , joint ventures or controlled structure entity during the quarter and thus requirement of the consolidated financial results for the quarter ended June 30, 2025 is not applicable.




Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Apr-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
Whether accounts are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Lending business 41615150000
2 BPO Services 3039300000
Total Segment Revenue 44654450000 44654450000
Less: Inter segment revenue
Revenue from operations 44654450000 44654450000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Lending business 7336480000
2 BPO Services 139090000
Total Profit before tax 7475570000 7475570000
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income 149800000 149800000
Profit before tax 7325770000 7325770000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Lending business 1144397570000 1144397570000
2 BPO Services 1945380000 1945380000
Total Segment Asset 1146342950000 1146342950000
Un-allocable Assets 110098100000 110098100000
Net Segment Asset 1256441050000 1256441050000
4 Segment Liabilities
Segment Liabilities
1 Lending business 963708670000 963708670000
2 BPO Services 1991270000 1991270000
Total Segment Liabilities 965699940000 965699940000
Un-allocable Liabilities 103734320000 103734320000
Net Segment Liabilities 1069434260000 1069434260000
Disclosure of notes on segments


Other Comprehensive Income
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Apr-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement loss on defined benefit plan -30800000 -30800000
Total Amount of items that will not be reclassified to profit and loss -30800000 -30800000
2 Income tax relating to items that will not be reclassified to profit or loss -7700000 -7700000
3 Amount of items that will be reclassified to profit and loss
1 Change in fair value of debt instruments measured at fair value through other comprehensive income -10300000 -10300000
2 Movement in cash flow hedge reserve -1064500000 -1064500000
Total Amount of items that will be reclassified to profit and loss -1074800000 -1074800000
4 Income tax relating to items that will be reclassified to profit or loss -270500000 -270500000
5 Total Other comprehensive income -827400000 -827400000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Kalyaniwalla & Mistry LLP Yes 31-Jul-2027
2 M/s. G. D. Apte & Co. Yes 30-Nov-2026