HDFC reported on Friday that its adjusted profit after tax (PAT) was 366.9 billion rupees, up 22% from a year ago. This figure is lower than the Rs 4,003 crore estimate made by analysts and made now.
Net interest income (NII) for the fourth quarter was 444.7 billion rupees, 7.8% higher than 412.5 billion rupees in the same period last year.
HDFC NSE -0.28% said the June quarter rate hike will have a big impact on lending without a corresponding reduction in the financial sector. They also say that the second wave of COVID-19 last quarter saw a significant decline in overnight interest rates and an increase in net interest margin + interest margin (NIM) as the system is underfunded.
HDFC’s net margin for the June quarter was 3.4%.
According to the NBFC, the loan-to-value gap is 2.25%, 1.91% for personal loans, and 3.45% for non-personal loans.
Net profit for the June quarter increased by 22% to Rs 3,669.
HDFC Q1 2023 Results: Housing Finance Corporation (HDFC) today announced that its net profit for the quarter ended June 30 increased by 22% to Rs 3,669 from Rs 3,001 in the same previous period. This was stated in the company’s stock market.
The results will be announced at the forum. HDFC was trading at Rs 2,342 on the NSE, up 0.21% from last Thursday.
1) For the quarter ended June 30, 2022, Profit After Tax (PAT) increased by 22% to Rs 366.9 billion.
2) 66% increase in per capita income
3) 28% increase in private loans (including loans sold in the last 12 months)
4) Personal loans by AUM have increased significantly over the past 8 years.
5) Significant changes in the economy
6) Minimum interest 33bp (AP: 50bp)
7) equity ratio 21.9%
(8) Tier 1 capital is 21.4%.
9) Understand the $1.1 billion in international loans raised. India is the world’s first and largest international lender.
10) Net profit after tax for the quarter ended June 30, 2022, is Rs 5,574 crore.
HDFC Network Q1 revenue rises to Rs 366.9 crore
NEW DELHI – Housing Finance Major Housing Gloss Finance Ltd (HDFC) posted a 22% increase in net income in the first quarter of 2023. As such, the company posted an after-tax profit of Rs 3,669 crore for the period ended June 30, 2022.
The company said total personal loans in fiscal 2022 stood at Rs 331 crore at Rs 357 crore. Announce).
Assets from operations (AUM) stood at Rs 671,364 as of June 30, 2022, compared to Rs 574,136 a year earlier. (Also read: Sensex, Fashion jumps more than 1%, closes quarterly earnings, extends gains for three days in a row)
During the assessment period, HDFC provided a partial personal loan to HDFC financial institutions for Rs 9,533 (Rs 5,489 at the beginning of the year).
The total amount of special purpose loans issued in the last 12 months was SEK 32,499 (previous year: SEK 23,093).
As of 30 June 2022, the outstanding amount of certain personal loans offered is Rs 88,856,000. HDFC will continue to service these loans, the company said.
Gross bad debts (NPL) stood at Rs 10,288 crore as of June 30, 2022.
According to HDFC, Network Curiosity revenue (NII) for the quarter ended June 30, 2022, was £4,447 (Rs 4,125). The company added that the reported NIM for the quarter ended June 30, 2022, was 3.4%.