HDFC Q1 Results FY2023: net profit rises 22% to Rs 3,669 cr in June quarter - highlights

HDFC Q1 Results FY2023: Housing Development Finance Corporation Limited (HDFC) today reported a 22 per cent jump in its net profit to Rs 3,669 cr for the quarter ended 30 June versus Rs 3,001 cr in the year-ago period. The company said in its filing to the exchanges. 

The results were announced during market hours. HDFC shares were trading at Rs 2342 on the NSE and were up 0.21 per cent from the Thursday closing price. 

PERFORMANCE HIGHLIGHTS

1) 22 per cent growth in Profit After Tax (PAT) for the quarter ended June 30, 2022 at Rs 3,669 crore

2) 66 per cent growth in individual disbursements

3) 28 per cent growth in individual loans (after adding back loans sold in the preceding 12 months)

4) Highest percentage growth in individual loans on an AUM basis in the past 8 years

5) Significant improvement in asset quality

6) Lower credit costs at 33 bps (PY: 50 bps)

7) Capital Adequacy at 21.9 per cent

8) Tier 1 Capital at 21.4 per cent

9) Propose to raise an international social loan of USD 1.1 billion – this is the first international social loan from India and amongst the largest globally

10) Consolidated Profit After Tax for the quarter ended June 30, 2022 stood at Rs 5,574 crore