New Delhi, Jul 15 (PTI) HDB Financial Services on Tuesday reported a 2.4 per cent decline in net profit at Rs 568 crore for the first quarter of this financial year.

Its net profit was at Rs 582 crore during April-June quarter of 2024-15, HDB Financial Services, a subsidiary of HDFC Bank, said in a regulatory filing.

Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers.

The company said its net total income was at Rs 2,726 crore as on June 30, 2025, compared to Rs 2,387 crore as on June 30, 2024, a growth of 14.2 per cent.

Its asset under management (AUM) was Rs 1,09,690 crore as on June 30, 2025, up 14.7 per cent from the year-ago period.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 15, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

As on June 30, 2025, HDB Financial Services said its net interest income stood at Rs 2,092 crore, compared to Rs 1,768 crore in the year-ago period, a growth of 18.3 per cent.

The company's gross loans rose 4.3 per cent to Rs 1,09,342 crore as on June 30, 2025, as against Rs 95,629 crore in the year-ago period.

The company said loan losses and provisions stood at Rs 670 crore as on June 30, 2025, compared to Rs 412 crore a year ago.

Established in 2007, as a subsidiary of HDFC Bank, HDB Financial Services is categorised as an upper layer NBFC by the Reserve Bank.

As of June 30, 2025, the company had a distribution network of 1,771 branches across 1,166 cities and towns.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)