HDFC Ltd reported today’s standalone net profit 3,700 crore for the March quarter, up 16% 3,180 crores seen in the period a year ago.
HDFC shares were up 1.22% in Monday’s afternoon deals 2,256.80 each on NSE.
The board has recommended dividend for the year ended March 31, 2022. 30 per equity share.
NII for the March quarter stood at 4,601 crore as compared to 4,027 crore over the previous year, representing an increase of 14%.
“Home loan demand and the pipeline of loan applications remain strong. Growth in home loans was seen in both the affordable housing segment as well as high-end properties. Rising sales momentum and new project launches bodes well for housing. sector,” HDFC said in a filing.
As of March 31, 2022, the assets under management (AUM) were 6.53 lakh crore as against 5.69 lakh crore last year. On AUM basis, the growth in personal loan book was 17% and the growth in total AUM was 15%.
HDFC further said that the non-personal loan book registered growth during the quarter under review, with a good pipeline of loans from lease rental discounting and construction finance.