Nifty Financial Services revenue is 14.4% higher
Key Highlights
Nifty Financial Services Q2 FY27 results show a combined net profit of ₹59,509 crore. Combined revenue for the 10 reported companies is 14.39% higher.
Updated: Saturday 24 October 2026
- 10 companies of the 22 in the Nifty Financial Services index have reported Q2 FY27 results.
- Combined net profit: ₹59,509 crore, 18.67% higher than a year earlier.
- Combined revenue: ₹2,76,701 crore, 14.39% higher than a year earlier.
- Net profit margin: 21.51% (20.73% a year earlier).
- 12 companies still to report.
The Nifty Financial Services Q2 FY27 results show 10 companies reported a combined net profit of ₹59,509 crore, which is 18.67% higher than a year earlier. These companies, which reported both quarters, also generated a combined revenue of ₹2,76,701 crore, 14.39% higher than a year earlier.
Nifty Financial Services Q2 FY27 results: the combined numbers
| Q2 FY27 | A year earlier | Change | Companies | |
|---|---|---|---|---|
| from operations | 2,76,701 | 2,41,884 | +14.39% | 10 |
| Net profit | 59,509 | 50,147 | +18.67% | 10 |
| Net profit margin | 21.51% | 20.73% | +0.78 pts | 10 |
Combined figures add the companies that reported both the quarter and the same quarter a year earlier, so they compare like with like. A company that has not reported is not in them.
The combined net profit margin for these 10 companies reached 21.51%, compared to 20.73% a year earlier. Net profit was higher in nearly all of the 10 companies and lower in only a few companies.
Nifty Financial Services companies that have reported Q2 FY27
| Company | Revenue from operations | Net profit | Revenue from operations change | Net profit change | Net profit margin | Basis |
|---|---|---|---|---|---|---|
| HDFC Bank | 95,132 | 21,537 | +9.35% | +5.76% | 22.64% | consolidated |
| ICICI Bank | 55,992 | 17,312 | +16.21% | +21.43% | 30.92% | consolidated |
| Axis Bank | 38,087 | 7,650 | +17.88% | +37.65% | 20.08% | consolidated |
| Bajaj Finance | 24,546 | 6,367 | +21.64% | +28.68% | 25.94% | consolidated |
| Shriram Finance | 13,792 | 3,684 | +15.78% | +59.18% | 26.71% | consolidated |
| ICICIGI | 6,652 | 946 | +17.70% | +15.48% | 14.23% | standalone |
| SBICARD | 5,141 | 778 | +3.62% | +74.83% | 15.13% | standalone |
| HDFC Life Insurance | 21,856 | 522 | +15.82% | +16.35% | 2.39% | consolidated |
| ICICI Life Insurance | 13,804 | 374 | +16.56% | +25.05% | 2.71% | standalone |
| JIO Financial Services | 1,699 | 340 | +73.15% | −51.02% | 20.03% | consolidated |
HDFC Bank reported the largest net profit of ₹21,537 crore. SBICARD recorded the largest net profit change on a year earlier, which was 74.83% higher. JIO Financial Services reported a net profit of ₹340 crore, which was 51.02% lower than a year earlier.
Nifty Financial Services companies still to report
| Company | Board meeting |
|---|---|
| Bajaj Finserv | 3 Nov 2026 |
| BSE | Date not announced |
| CHOLAFIN | Date not announced |
| HDFC | Date not announced |
| Kotak Mahindra Bank | 24 Oct 2026 |
| LIC Housing Finance | 30 Oct 2026 |
| Max Financial Services | 27 Oct 2026 |
| Muthoot Finance | Date not announced |
| Power Finance | Date not announced |
| REC | 26 Oct 2026 |
| SBI Life Insurance | 27 Oct 2026 |
| State Bank of India | Date not announced |
There are 12 companies in the index still to report their results. Kotak Mahindra Bank reports on 24 October, REC on 26 October, and Max Financial Services and SBI Life Insurance on 27 October. LIC Housing Finance reports on 30 October and Bajaj Finserv on 3 November.
Nifty Financial Services Q2 FY27 results: FAQs
How did Nifty Financial Services companies do in Q2 FY27?
10 companies of the 22 in the Nifty Financial Services index have reported Q2 FY27 results. Their combined net profit was ₹59,509 crore, 18.67% higher than a year earlier. Combined revenue was ₹2,76,701 crore, 14.39% higher than a year earlier. Only companies with both quarters are added.
Which Nifty Financial Services company reported the largest net profit in Q2 FY27?
HDFC Bank, with a net profit of ₹21,537 crore, 5.76% higher than a year earlier.
Which Nifty Financial Services companies are yet to report Q2 FY27 results?
Bajaj Finserv, BSE, CHOLAFIN, HDFC, Kotak Mahindra Bank, LIC Housing Finance, Max Financial Services, Muthoot Finance and 4 more. The table lists the board-meeting dates the companies have announced.
Results are the companies’ filings to the exchanges; board-meeting dates are from their notices. Calculations are by ThePip. For information only; not investment advice.