HDFC Q4 net profit rises 16.4% YoY to Rs 3,700 crore
Published On: Monday, May 2, 2022 | By: Team KnowMyStock
HDFC Ltd today reported a 16.4 percent year-on-year rise in net profit of ₹3,700 crores for the March quarter, Company had reported ₹3,180 crores in the year-ago period, which was above analysts' estimate of Rs 3,306.7 crore. The net interest income (NII) for the quarter stood at Rs 4,601 crore compared with Rs 4,027 crore in the previous year, representing a growth of 14 percent. The Board has recommended a dividend for the year ended March 31, 2022, of ₹30 per equity share. During the year ended March 2022, individual approvals and disbursements grew by 38 percent and 37 percent, respectively compared to the previous year. The average size of individual loans stood at Rs 33 lakh (compared to Rs 29.5 lakh last year). For the quarter ended March 31, 2022, the average loan size was Rs 34.7 lakh. As of March 31, 2022, the assets under management (AUM) stood at ₹6.53 lakh crore as against ₹5.69 lakh crore in the previous year.
he company said in the month of March 2022, it recorded its highest monthly individual disbursements ever. “In the fourth quarter of the financial year under review, the non-individual loan book recorded a growth, with a good pipeline of loans from lease rental discounting and construction finance,” said HDFC.
"The demand for home loans and pipeline of loan applications continues to remain strong. Growth in home loans was seen in both, the affordable housing segment as well as in high-end properties. The increasing sales momentum and new project launches augur well for the housing sector," HDFC said in a filing.
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