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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