Categories: Business

HDFC Q2 revenue rises 18% to Rs 4,454 crore; NII up 13%

[ad_1]

Mortgage lender HDFC on Thursday reported an 18 per cent year-on-year (YoY) rise in web revenue at Rs 4,454 crore for the September quarter in contrast with Rs 3,781 crore within the corresponding quarter final 12 months.

Web curiosity earnings (NII) for the quarter rose 13 per cent YoY to Rs 4,639 crore in contrast with Rs crore within the year-ago quarter, the HFC stated in a BSE submitting.

The gross particular person non-performing loans (NPLs) stood at 0.91 per cent of the person portfolio whereas the gross non-performing non-individual loans stood at 3.99 per cent of the non-individual portfolio, HDFC stated in a BSE submitting.

The gross NPLs as on September 30 stood at Rs 9,355 crore. This was equal to 1.59 per cent of the portfolio.

“Primarily based on the sooner NPL norms and to supply a like-for-like comparability with the earlier 12 months, the gross particular person NPLs as at September 30, 2022 was 0.73 per cent of the person portfolio and whole NPLs was 1.44 per cent of the mortgage portfolio. This displays vital enchancment within the total asset high quality,” HDFC stated.

As on September 30, the belongings beneath administration stood at Rs 6,90,284 crore towards Rs 5,97,339 crore within the year-ago quarter. Particular person loans comprise 81 per cent of the AUM, the lender stated.

For the September quarter, HDFC assigned loans amounting to Rs 9,145 crore to HDFC Financial institution. Loans offered within the previous 12 months amounted to Rs 34,513.

[ad_2]
Source link
admin

Recent Posts

The way to select the Right Men’s Fragrance

Just before diving into the best summer season or winter perfumes you can be proud…

2 hours ago

Glenohumeral joint Posture Bra: User Reviews along with Insights

Hey there! Ever believed that you're constantly battling a losing battle towards poor posture? Or…

23 hours ago

Important things about Turnkey Repairs for Home owners

Before we discuss the benefits, let's start with the basic principles. Turnkey repairs are like…

1 day ago

Exploring Madrid’s Art Scene: Upcoming Exhibitions

Madrid is a city that pulses with creativity and aesthetic flair. Its streets are usually…

1 day ago

Curacao Gaming License: A Comprehensive Manual

Hey there! So, you're thinking about scuba diving into the world of online game playing,…

1 day ago

Choosing the Perfect Kitchen Countertop in Toronto

Hey, Torontonians! If you're diving into a kitchen renovation and find yourself scratching your head…

3 days ago