HDB Financial Services Limited (HDBFSL) is a  non-banking finance company (NBFC) that offers a wide range of loans and asset finance products to individuals, emerging businesses, and micro-enterprises. As on March 31, 2023,  HDFC Bank has a significant 94.8% stake in HDBFSL.

The company's net revenue for the quarter ended March 31, 2023, was recorded at Rs. 2282.5 crore, a growth of 5.7% from the same quarter in the previous year. Similarly, the profit after tax for the same quarter in the current year was Rs. 545.5 crore, an increase of 27.7% over the previous year's same quarter.

For the year ended March 31, 2023, the company's net revenue grew by 11.4% to Rs. 8,891.0 crore, compared to Rs. 7,980.8 crore in the previous year. The company's profit after tax for the year ended March 31, 2023, was recorded at Rs. 1,959.4 crore, a significant increase of 93.7% from the previous year's profit of Rs. 1,011.4 crore.

The company's total loan book was Rs. 70,031 crore as of March 31, 2023. The stage 3 loans were at 2.73% of gross loans, indicating the company's ability to maintain high asset quality. Additionally, as of March 31, 2023, the total CAR was recorded at 20.1%, with Tier-1 CAR at 15.9%, which highlights the company's robust financial position.

HDBFSL has a strong and wide presence with 1,492 branches spread across 1,054 cities/towns as of March 31, 2023. This wide network has enabled the company to serve its diverse customer base with its specialized loan and asset finance products.

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