HDFC Bank Q4 FY26 results today: timings, dividend watch

Why April 18 matters for bank investors

Two of India’s largest private lenders, HDFC Bank Ltd and ICICI Bank Ltd, are set to announce their fourth-quarter results for FY2025-26 on Saturday, April 18, 2026. With equity markets shut for the weekend, investors get a full session to read the numbers and the management commentary before trading resumes on Monday, April 20. The disclosures also arrive at a time when the broader earnings season for the January to March period is underway, following TCS results last week.

Both banks are expected to publish their results in the afternoon, ahead of their scheduled conference calls with analysts and investors. For HDFC Bank, the call timing became a specific point of attention after it was revised to an earlier slot.

Result day schedule and conference call timings

HDFC Bank and ICICI Bank are releasing their “scorecards” in the afternoon on April 18. HDFC Bank’s earnings call was revised to 4 pm from an earlier schedule of 6 pm. ICICI Bank has scheduled its earnings call at 5 pm.

Market participants will be watching for the headline profit numbers, but also for guidance on margins, growth, and any commentary on macro risks mentioned in pre-result coverage.

HDFC Bank board agenda: results and possible dividend

In a regulatory filing, HDFC Bank said its board meeting on April 18 will consider and approve audited standalone financial results for the quarter and year ended March 31, 2026, and audited consolidated financial results for the same period. The board will also take up a recommendation of dividend, if any, for FY2025-26 and fix a record date.

The earnings release is also the first quarterly announcement since the mid-March resignation of Atanu Chakraborty, who stepped down as part-time chairman and independent director.

HDFC Bank also disclosed that it may consider raising funds through issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II capital bonds, and long-term bonds over the next 12 months through private placement, for financing infrastructure subsectors.

HDFC Bank: what brokerages are expecting

Brokerage projections in the public domain point to a steady quarter, with relatively stable margins as a key theme. Axis Direct said credit growth is improving and deposit growth remains strong, which should keep net interest margins broadly stable sequentially.

Estimates vary across brokerages:

• Nirmal Bang projects net interest income (NII) of Rs 34,058.4 crore, up 6.2% YoY, and profit after tax (PAT) of Rs 18,450 crore, up 4.7% YoY.
• PL Capital expects NII of Rs 34,402.1 crore, up 9.7% YoY, and PAT of Rs 20,192.1 crore, up 19.4% YoY.
• Axis Direct expects NII of Rs 33,835 crore, up 5.5% YoY, and net profit of Rs 19,428 crore, up 10.3% YoY.
• Anand Rathi expects PAT of Rs 18,840.3 crore, up 6.9% YoY, and projects NII of Rs 33,624 crore, up 4.9% YoY and 3.1% quarter-on-quarter.
• Mirae Asset Sharekhan expects net profit to rise 8.2% YoY to Rs 19,067 crore, and NII to increase 5.3% YoY to Rs 33,770 crore.

A separate preview also cited provisions expected at Rs 3,369 crore, compared with Rs 3,193 crore a year ago and Rs 2,838 crore in the prior quarter.

Key items to track in HDFC Bank commentary

Beyond the financial print, published previews highlighted specific questions investors are likely to press in the call. These include guidance for FY27, loan-to-deposit ratio (LDR) compression and forward guidance, recovery of NIM, and market share goals for FY27. One preview also flagged the potential impact of the West Asia conflict on borrowers.

Another pre-result note said investors will assess margins, growth outlook, and macroeconomic risks linked to the Iran war while reading the March quarter performance.

ICICI Bank: board meeting and dividend possibility

ICICI Bank’s board is meeting on April 18 to consider and approve audited financial results (standalone and consolidated) for the quarter and year ending March 31, 2026. The bank may also recommend a dividend for the financial year ending March 31, 2026.

With both HDFC Bank and ICICI Bank reporting on the same day, investors are likely to compare trends in NII growth and profitability across the two lenders when markets reopen.

ICICI Bank: Street estimates for NII and profit

Brokerage expectations for ICICI Bank suggest moderate NII growth, while profit estimates are mixed:

• Nirmal Bang estimates NII at Rs 22,918.1 crore, up 8.1% YoY, and PAT at Rs 12,390.8 crore, down 1.9% YoY.
• PL Capital pegs NII at Rs 22,781.8 crore, up 8.1% YoY, and PAT at Rs 12,290.8 crore, down 2.7% YoY.
• Axis Direct expects NII of Rs 22,674 crore, up 7.0% YoY, and PAT of Rs 12,726 crore, up 0.8% YoY.

A separate preview noted that the absence of PSL impact could support sequential profitability, and that slippages may ease quarter-on-quarter as KCC stress moderates. It also flagged strong business momentum, healthy fee income, and stable asset quality as potential drivers, citing a Mirae Asset Sharekhan report.

What investors already know from HDFC Bank’s Q3 FY26 print

HDFC Bank’s prior quarter numbers provide context for the March-quarter expectations. For Q3 FY26, the bank reported a standalone profit after tax of Rs 18,654 crore for the quarter ended December 31, 2025, compared with Rs 16,736 crore in the year-ago period. Net interest income in Q3 came in at Rs 32,615 crore, up from Rs 30,653 crore a year ago, with net interest margin at 3.35%. The bank also reported gross NPAs of Rs 35,179 crore, representing 1.24% of gross advances, improving from 1.42% in the prior year.

Key numbers and timings at a glance

Stock cues and what happens next

HDFC Bank shares closed at Rs 799.90 on Friday, up 0.55% from the previous close of Rs 795.50 on the BSE, according to the preview. Another update said HDFC Bank shares were trading flat at Rs 810.85 on the NSE at 10:10 a.m. on Thursday.

The immediate market reaction will be deferred because the stock market is closed for the weekend. Price discovery is expected when trading resumes on Monday, April 20, after investors have reviewed the earnings and management commentary from both lenders.

Conclusion

April 18 is a key calendar date for private banking investors, with HDFC Bank and ICICI Bank reporting Q4 FY26 results and both boards expected to consider dividends. The next confirmed milestone is the set of earnings calls at 4 pm for HDFC Bank and 5 pm for ICICI Bank, followed by the market’s first chance to respond when trading reopens on April 20.