New Delhi, Jul 16 (PTI) Shares of HDB Financial Services on Wednesday dropped nearly 4 per cent after the firm reported a 2.4 per cent decline in net profit at Rs 568 crore for the first quarter of this financial year.

The stock declined 3.66 per cent to Rs 810.30 on the BSE.

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At the NSE, it edged lower by 3.68 per cent to Rs 810.25.

Its net profit was at Rs 582 crore during the June quarter of 2024-25, HDB Financial Services, a subsidiary of HDFC Bank, said in a regulatory filing on Tuesday.

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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.

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.

Established in 2007, HDB Financial Services is categorised as an upper-layer NBFC by the Reserve Bank.

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