HDFC announces operational performance for Q2FY22

Housing Development Finance Corporation Ltd (HDFC) has announced the operational performance of the coroporation during the quarter ended September 30, 2021 (Q2FY22).

Loans assigned:

- During the quarter ended September 30, 2021, the Corporation assigned loans amounting to ₹ 7,132 crore compared to ₹ 3,026 crore in the corresponding quarter of the previous year. All the loans assigned during the quarter ended September 30, 2021 were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.

- Loans sold in the preceding 12 months amounted to ₹ 27,199 crore (Previous Year - ₹ 14,138 crore).

- Gross income from dividend for the quarter ended September 30, 2021 was ₹ 1,171 crore (Previous Year: ₹ 323 crore).

- During the quarter ended September 30, 2021, the profit on sale of investments was nil.

- Under IndAS, the employee stock options are required to be fair valued and charged to the Statement of Profit and Loss as a part of employee benefit expenses primarily over the two year vesting period. This would result in a charge to the Statement of Profit and Loss of approximately ₹ 122 crore during the quarter ended September 30, 2021 (PY: ₹ 46 crore).

* All the figures are subject to limited review by the statutory auditors of the Corporation.

Shares of Housing Development Finance Corp. Ltd was last trading in BSE at Rs. 2712.25 as compared to the previous close of Rs. 2754.6. The total number of shares traded during the day was 89980 in over 8666 trades.

The stock hit an intraday high of Rs. 2752 and intraday low of 2694.05. The net turnover during the day was Rs. 243889116.

Source : Equity Bulls

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