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Financial Services LimitedMain BoardEquity2025-04-012026-03-312025-10-152025-09-26INRMillionsQuarterlySecond quarterMulti segment2025-10-1508:30:002025-10-1516:30:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAtruetruetrue2025-04-16https://www.hdbfs.com/sites/default/files/policies/policy-for-dealing-with-related-party-transactions-april-2025-06-05-2025.pdftrue8falseThe Company has not defaulted on any loans and debt securities during quarter ended September 30, 20252025-07-012025-09-30UnauditedStandalone38865000000000133900000-34000000320300000032554000004545390000004545390000000095769000001694040000052430000000074829000003107700000376322000007821700000078217000002117580000-110020000200756000058141400000000581414000046560000062797400008295670000107.016.98007.016.980.0492001.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. <BR> <BR> 2.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 and in compliance with 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. <BR> <BR> 3.The above results for the quarter and half year ended September 30, 2025, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 15, 2025 and have been reviewed by the Joint Statutory Auditors. <BR> <BR> 4.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. <BR> <BR> 5.The Board in its meeting held on October 15, 2025, has declared an Interim dividend of Rs.2.00 (Two rupees only) per share (i.e. 20% on face value of each equity shares) for the FY 2025-26. <BR> <BR> 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). <BR> <BR> 7.During the half year ended September 30, 2025, the Company has raised equity capital 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.57,966.61 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 July 02, 2025. <BR> <BR> 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: <BR> <BR> (i)The company has not transferred any Non-Performing Assets. <BR> (ii)The company has not transferred any loan not in default. <BR> (iii)The company has not acquired any special mention account. <BR> (iv)The company has not acquired any stressed loan and loan not in default. <BR> <BR> 9.The Company does not have investment in any subsidiaries, associates, joint ventures or controlled structure entity during the half year and thus requirement of the consolidated financial results for the quarter and half year ended September 30, 2025 is not applicable.2025-04-012025-09-30UnauditedStandalone77180250000000383000000-10800000062423000006313600000901083500000901083500000001917810000034337300000103780000000014179400000622810000074960700000151476500000151476500004002000000-347460000365454000011493110000000011493110000-3618000001113131000082956700001014.1414.080014.1414.080.049200Other financial charges3255400000Other financial charges6313600000Others expenses3107700000Others expenses622810000011375100000206510000047693300002521300000010775943000003076470000046560000011295554300000125400000930120000000226700000000029030000062010000001818490000011477403300008295670000185086300000193381970000193381970000139500000027851000019223000000035917090000048219940000006403690000036178840000943926350000225910000480340000005402700000104320100009543583600001147740330000Lending business42250900000BPO Services3203000000Lending business83866050000BPO Services624230000045453900000901083500004545390000090108350000Lending business7682630000BPO Services287870000Lending business15018980000BPO Services426370000797050000015445350000148800000297700000782170000015147650000Lending business1136427620000BPO Services1886110000113831373000094266000001147740330000Lending business951116920000BPO Services21402100009532571300001101230000954358360000Remeasurement loss on defined benefit plan-66900000-66900000Remeasurement loss on defined benefit plan-97700000-97700000-16900000-24600000Change in fair value of debt instruments measured at fair value through other comprehensive income-121800000Movement in cash flow hedge reserve810800000689000000Change in fair value of debt instruments measured at fair value through other comprehensive income-132100000Movement in cash flow hedge reserve-253700000-385800000173400000-97100000465600000-361800000331224000000-28110000000-5100000-58331770000-60680600000-232559000000010378000001417940000000092564000000077180250000260300000-38300000000011016000000-85616970000-704693200000390683000007578752000043946400000-3814474000000248216650000257438010000000012560000417100000000000000000000000000-96259000000024589600000000011160000000024463988000033005191000034069000079578000000049641100000187046000001870460000950464000011375100000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterSale of goods or services4500000000None6242300009475000099660000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterAny other transactionExpenses for receiving services132000000None260400008730000100000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterInterest paid0Interest will be charged as per the terms of issuance/ mutually agreed rates.28346000000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterAny other transactionSecurities Sold/ redeemed18000000000None0150000000150000000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterAny other transactionBorrowings Taken18000000000None366318000065312300008663860000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterAny other transactionBorrowings Repaid0As per the terms of Borrowings153055000000HDB FINANCIAL LTD******HDFC Bank Ltd.******PromoterSale of fixed assets3000000None2000000HDB FINANCIAL LTD******HDFC Life Insurance Co. 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Apte & Co.true2026-11-30Public Issues2025-06-30250000000002025-09-30trueCARE Ratings LimitedfalseDipti Jayesh KhandelwalCompany Secretary and Compliance OfficerMumbai2025-10-15OthersPrivate Placement2025-07-1717500000002025-09-30falsefalseOthersPrivate Placement2025-08-0750000000002025-09-30falsefalseOthersPrivate Placement2025-08-1420000000002025-09-30falsefalseOthersPrivate Placement2025-08-2251000000002025-09-30falsefalseOthersPrivate Placement2025-09-0115000000002025-09-30falsefalseOthersPrivate Placement2025-09-1250000000002025-09-30falsefalseOthersPrivate Placement2025-09-2527500000002025-09-30falsefalse