HDFC Q4 net profit rises 16% to Rs 3,700 crore – Times of India


NEW DELHI: The nation’s largest mortgage lender HDFC Ltd on Monday reported a 16 per cent rise in its standalone internet revenue to Rs 3,700 crore within the March 2022 quarter. The corporate had posted a internet revenue of Rs 3,180 crore within the year-ago interval.
Complete earnings in the course of the March 2022 quarter elevated to Rs 12,308.46 crore from Rs 11,707.53 crore within the year-ago interval, HDFC Ltd stated in a regulatory submitting.
For the total 12 months 2021-22, the corporate’s internet revenue rose to Rs 13,742 crore in opposition to Rs 12,027 crore in 2020-21.
On a consolidated foundation, the web revenue throughout This autumn FY22 surged 21.6 per cent to Rs 6,892 crore, in opposition to Rs 5,669 crore in This autumn FY21.
Revenue in the course of the quarter on a consolidated foundation, nevertheless, fell to Rs 35,060 crore from Rs 35,754 crore a 12 months in the past.
The corporate’s board has additionally beneficial a dividend of Rs 30 per fairness share for FY22, HDFC stated. The dividend payout ratio is 40 per cent.
In FY22, particular person approvals and disbursements grew by 38 per cent and 37 per cent, respectively, in comparison with the previous fiscal.
“Within the month of March 2022, the company recorded its highest month-to-month particular person disbursements ever. That is even if the earlier 12 months entailed concessional stamp obligation advantages in sure states, which weren’t there within the present 12 months,” it stated.
Shares of HDFC have been buying and selling at Rs 2253.55 apiece within the afternoon session on BSE, up by 1.14 per cent from the earlier shut.


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