HDB Financial Services Limited (HDBFS) has announced its unaudited financial results for the quarter ended September 30, 2026. The company reported a Profit After Tax (PAT) of ₹780 crores, marking a significant growth of 34.2% year-on-year (YoY). Additionally, disbursements for the quarter stood at ₹18,522 crores, reflecting an 18.7% increase compared to the same period last year. Moreover, the board of directors has declared an interim dividend of ₹2 per equity share.

Financial Performance Highlights

The company’s net interest income for Q2 FY27 was ₹2,534 crores, showing a 15.6% increase YoY. Net total income rose by 11.8% to ₹3,188 crores. The pre-provisioning operating profit increased by 15.9% to ₹1,774 crores. Loan losses and provisions decreased by 2.5% to ₹730 crores. Profit before tax grew by 33.4% to ₹1,044 crores.

Asset Growth and Loan Book

The asset under management (AUM) grew by 11.6% to ₹1,24,638 crores. The gross loan book increased by 11.7% to ₹1,24,469 crores. Notably, the gross Stage 3 loans decreased to 2.43% from 2.81% a year ago, while net Stage 3 loans fell to 1.09% from 1.27%.

As a result, the provision coverage on Stage 3 assets improved to 55.00% from 54.73%. The company’s return on average assets (annualized) stood at 2.4%, and earnings per share (EPS) for the quarter were ₹9.4.

HDB Financial Services Limited continues to expand its distribution network, now spanning 1,701 branches across 1,156 cities/towns, offering a wide range of lending products through its three business verticals: Enterprise Lending, Asset Finance, and Consumer Finance.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HDB Financial Services Limited

HDB Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

HDB rises 10.3% over three months, with buying pressure holding steady. Industry-leading margins of 28.8% reflect exceptional pricing power and operational efficiency. The PEG of 2.47 is on the high side. However, it is acceptable for a quality compounder with a strong moat. Buyers show up with 3.4x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The business grows revenue at 14.0% and profits at 9.1%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 2.47 premium is usually justified. Check Fundamentals of HDB Financial Services Limited.

Canara Bank (CANBK) Q2 FY27 financial results reveal a robust performance with significant growth in global business, deposits, and advances. The bank’s global business increased by 15.88% year-on-year (YoY) to ₹ 30,72,365 Cr, driven by a 13.13% YoY growth in global deposits and a 19.46% YoY increase in global advances. Notably, the bank’s retail credit portfolio expanded by 31.61% YoY, with housing loans and vehicle loans growing at 17.35% and 25.50% respectively.

Profitability and Asset Quality

Operating profit stood at ₹ 8,758 Cr, up by 1.98% YoY, while net profit increased by 8.40% YoY to ₹ 5,175 Cr. The provision coverage ratio (PCR) improved to 95.34%, up by 175 basis points (bps), reflecting enhanced asset quality. The gross non-performing assets (GNPA) ratio reduced to 1.33%, down by 102 bps, and the net non-performing assets (NNPA) ratio improved to 0.30%, down by 24 bps.

Capital Adequacy and Financial Inclusion

The bank’s capital adequacy ratio (CRAR) stood at 17.19%, with CET1 at 12.80%, Tier-I at 2.25%, and Tier-II at 2.14%. In terms of financial inclusion, Canara Bank achieved its targets in priority sector lending at 44.99% and agricultural credit at 20.61% of ANBC, surpassing the regulatory norms of 40% and 18% respectively.

As a result, Canara Bank’s strategic initiatives and operational efficiency have driven its financial performance, positioning it favorably for future growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Canara Bank

Canara Bank belongs to the Financial Services › Banks – Regional sector. Here’s a quick read on where the business and the stock stand today.

Canara trades in the lower quarter of its 52-week range. The PEG of 0.26 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 43.1% reflect exceptional pricing power and operational efficiency. The stock sits at 8% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 5.0% and profits at 20.5%, and the dividend yield stands at 3.55%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Canara Bank.

Anand Rathi Share and Stock Brokers Limited (ARSSBL) announced its unaudited consolidated financial results for the quarter ended September 30, 2026, showcasing a robust performance. The company reported a 20% year-on-year (YoY) growth in revenue from operations, reaching ₹2,732 million despite a volatile market environment.

Revenue Growth

The revenue from operations for H1FY27 rose 21% YoY to ₹5,193 million. This growth was driven by strong momentum in the Margin Trading Facility (MTF) business, steady contribution from distribution income, and continued client acquisition.

Profitability

The company’s profit after tax (PAT) surged by 50% YoY to ₹419 million in Q2FY27. For the first half of FY27, PAT increased by 28.7% YoY to ₹653 million, after exceptional items. Notably, PAT before exceptional items grew by 59.7% YoY to ₹810 million in H1FY27.

EBITDA and Margins

Q2FY27 EBITDA stood at ₹999 million, with an EBITDA margin of 37%, while PAT margin was 15%. For H1FY27, EBITDA was ₹1,972 million, with an EBITDA margin of 38%.

The growth was largely driven by non-broking revenues, with interest on MTF growing 36% YoY to ₹496 million and income from distribution increasing to ₹327 million, reaffirming the increasing contribution of diversified revenue streams.

Commenting on the results, Mr. Pradeep Gupta, Chairman and Managing Director, said, ‘The quarter was characterized by heightened market volatility arising from geopolitical issues and regulatory changes. Despite these headwinds, investor participation remained resilient, supported by sustained domestic inflows and continued growth in mutual fund assets.’ He added, ‘We delivered a steady performance, with Revenue from Operations growing by 20.3% YoY to ₹2,732 million in Q2FY27.’ Mr. Roop Kishor Bhootra, Wholetime Director, highlighted, ‘We will remain focused on deepening client relationships, strengthening our technology infrastructure, and broadening our product and advisory capabilities. These efforts will support sustainable growth and create long-term value for all stakeholders.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Anand Rathi Share and Stock Brokers Limited

Anand Rathi Share and Stock Brokers Limited belongs to the Financial Services › Financial Conglomerates sector. Here’s a quick read on where the business and the stock stand today.

Anand moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.47 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 20.4% and profits at 50.7% CAGR. Both numbers are exceptional. The stock gains 1.0% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 20.4% and profits at 50.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Anand Rathi Share and Stock Brokers Limited.