HDFC Ltd Q2 PAT grows 14.31% to Rs 5,258cr as lending business records 32.3% growth in operating profit




HDFC Ltd reported 13.23% growth in total revenues for the September 21 quarter on a consolidated basis to Rs38,591cr. Revenue increased 24.522% on a sequential basis from revenue of Rs30.991cr in the June 21 quarter.

In terms of contribution to turnover, growth was driven by income from life insurance and non-life insurance activities, while loan turnover only increased by 4.3%.

The main real estate finance business saw a 17% growth in net interest income to Rs 8,255 crore, spreads were 2.29% and NIMs at 3.6%. For H1, disbursements are up 80%. 30% of new loans in volume and 14% in value relate to social housing.

Consolidated profit after tax (PAT) for the September 21 quarter rose 14.31% to Rs5,258cr on the 32.3% growth in operating profits of loan companies.

Life and P&C insurance operating income remained stable at below due to an increase in claims paid and an increase in provisions. The PAT was 4.3% higher sequentially.

Net margins at 13.63% were above 13.50% year-on-year in the September 20 quarter, but below the NPM of 16.27% in the June 21 quarter. The cost / income ratio fell from 8.5% to 8.2%. The capital adequacy stands at 22.4%.

September 21 financial highlights compared year-over-year and sequentially

HDFC Ltd
Rs in crore Sep 21 Sep 20 YEAR June-21 QOQ
Total income (Rs cr) ₹ 38,590.84 ₹ 34,082.97 13.23% ₹ 30,990.62 24.52%
Net profit (Rs cr) ₹ 5,258.01 4,599.68 14.31% 5,041.17 4.30%
Diluted EPS (Rs) 28.80 25.99 27.64
Net margins 13.63% 13.50% 16.27%

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