HDFC Ltd records 12% loan growth to ₹9,340 crore in Q4

Individual loans sold in the preceding 12 months were ₹36,910 crore as against ₹28,455 crore in the corresponding quarter of the previous year, said HDFC in its regulatory filing.

Gross income from dividend for the quarter ended on March 31, 2023 was ₹207 crore as compared to ₹128 crore, in the year ago period.

The net gain on fair value changes through the statement of profit and loss for the quarter ended March 31, 2023 was approximately ₹269 crore as compared to ₹267 crore in the corresponding period last year.

“For FY23, the FVTPL stood at approximately ₹358 crore (PY: ₹938 crore),” said HDFC in its regulatory filing.

During the quarter ended on March 31, 2023, it said, there was no sale of investments in subsidiary/associate companies.

Mortgage lender HDFC reported 13 per cent rise in standalone net profit of ₹3,691 crore for the December quarter. The same was ₹3,260 crore in the corresponding quarter of last year.

Revenue from operations rose 29 per cent to ₹15,230 crore during the quarter under review, while the income from interest, surged 30 per cent year-on-year (YoY) to ₹14,457 crore for the third quarter as against ₹11,055 crore in the previous year period.

The NII for the quarter ended December stood at ₹4,840 crore, compared with ₹4,284 crore in the previous year, representing a growth of 13 per cent.

On Monday, the company’s scrip ended 0.037% up at ₹1,610.35 on BSE.