InvestorQ : How were the HDFC quarterly numbers for Q4?
manisha Kolvenkar made post

How were the HDFC quarterly numbers for Q4?

Answer
image
Crowny Pinto answered.
2 weeks ago
Follow

Actually, the HDFC numbers were much better than expected in the market circles. HDFC saw net profits grow 16.4% to Rs.3,700 crore for the Mar-22 quarter. During the same period, the all-important Net interest income (NII) grew by a handsome 14% to Rs.4,601 crore. Normally, a surge in NII is the primary driver of profit growth for financial companies.

On the balance sheet front, the loan book saw 15% yoy growth at Rs.555,000 crore with affordable housing driving the bulk of the growth in the loan book in volume terms. Bad loan provisions were at par with previous quarter at Rs.400 crore. Gross NPAs tapered by 41 bps to 1.91% over the previous year. The non-individual loans still dominate the NPAs, with individuals more prompt. HDFC is currently in the process of being merged into HDFC Bank.

2 Views