What is an investor presentation?
An investor presentation is a slide deck a company puts out with its results. HDFC Bank released one for July to September 2026 on 17 Oct 2026, the day its board approved the results.[S1]
This guide reads that one deck against two other documents from the same day. One is the bank's press release; the other is the results statement filed with NSE.[S2][S3]
Which of the three documents did the auditors check?
The press release says the bank's results were subjected to a "Limited Review" by its statutory auditors.[S2] The filing on NSE marks the quarter's results as unaudited and names the two audit firms.[S3]
SEBI's listing rules allow quarterly results to be unaudited, as long as the statutory auditor does a limited review.[S4] A limited review is a lighter check than a full audit.
The slide deck itself carries no review report: the bank prepares it.
So the order of trust is simple. The filed statement comes first, the press release second, and the slides third.
What does the key-numbers slide show?
Slide 3 is titled "Key financial parameters for Q2 FY27". Its footnote says the figures are standalone, under Indian GAAP (the Indian accounting rules for banks).[S1]
"Standalone" means the bank alone, without its insurance, fund and lending subsidiaries. The deck shows the group figures much later, on slide 28.
In the filing · Slide 3
Net interest margin 3.16% (based on total assets)[S1]
Net interest margin (NIM) is the gap between interest a bank earns and interest it pays. It is shown as a share of assets, and here the bank divides by all its assets.
In the filing · Slide 3
Net interest margin (IEA) 3.32% (based on interest earning assets)[S1]
The same income, divided by a smaller base: only the assets that earn interest. A smaller base gives a higher percentage. Neither number is wrong, but you can only compare like with like.
The filed results statement has no NIM line.[S3] NIM is the bank's own calculation, so always note which base a quoted NIM uses.
Why does return on assets look so different?
In the filing · Slide 3
Return on assets 1.78%[S1]
Return on assets (ROA) is profit as a share of total assets. The deck shows it annualised: the quarter's profit scaled up to a full year.
The filed statement reports ROA of 0.45% for the same quarter.[S3] That figure covers three months only, and the bank does not scale it up.
Both describe the same profit. Before comparing ROA figures, check whether each one is for a quarter or a year.
Do the profit figures match?
In the filing · Slide 4
Profit after tax ₹195.1 bn[S1]
The deck works in billions of rupees. The press release gives the same ₹195.1 billion.
The filed statement shows profit for the quarter of ₹19,509.96 crore.[S3] One billion rupees is ₹100 crore, because 1 crore is 10 million, so the three documents agree.[S2]
Slide 4 also carries a footnote: certain figures "will not add-up due to rounding". Small gaps between a deck and a filing are often just rounding.[S1]
What do "core" and "excluding" mean?
In the filing · Slide 3
Core cost-to-income ratio 39.1%[S1]
Cost-to-income is operating costs as a share of income. "Core" tells you the bank may have left some items out. In this quarter the press release gives the same 39.1% without the word "core".
The difference shows up in other quarters. Slide 17 says that, for April to June 2025, cost-to-income including one-off transaction gains would be 32.8%.[S1]
The press release does something similar for profit. Profit grew 4.7% year on year as reported, and about 12.6% excluding treasury trading gains.[S2]
Both statements are true. The reported figure is the one in the filed results; the "excluding" figure is the bank's own adjustment.
What do the footnotes on the loan slide add?
In the filing · Slide 10
Advances under management ₹33,074 bn (Sep 2026)[S1]
This is the bank's own wider measure of its loans. It adds back loans it has passed on to others through inter-bank certificates, rediscounted bills and securitisation.
In the filing · Slide 10
Gross Advances ₹32,195 bn (Sep 2026)[S1]
The loans actually on the bank's balance sheet. The press release reports this same figure, up 16.3% from September 2025.
A footnote on the same slide matters too. The "Retail Assets" line includes ₹548 billion of loans linked to FCNR deposits (foreign-currency deposits from non-residents).[S1]
Without those loans, the footnote says, that line would have grown 9.1% year on year. The headline growth on the slide is higher.[S1]
Two more footnotes are worth knowing. Several slides say earlier figures may be "regrouped / reclassified". Slide 30 says numbers from before the July 2023 merger with HDFC Limited are not comparable.[S1]
What is in the deck but nowhere in the results?
The deck has slides on branches, deposit mix, the share of loans by industry and each subsidiary. Slide 3 alone shows deposits, advances, margins, asset quality and capital in one place.[S1]
These extras are why decks are useful. They are also why each figure needs a check: the bank chooses what goes on a slide and how it is defined.
How does Cityfort use a deck like this?
Cityfort's HDFC Bank stock page takes profit and loan numbers from the filed results. It uses the deck for figures only the bank calculates, and says which base it uses.
Quarterly NIM on the page comes from the deck, on total assets. The full-year figure comes from the annual report, on average assets: 3.34% (FY26). A results filing is a different kind of document: see how to read quarterly results.