HDB Financial Services Ltd posts Q1 FY23 net profit of Rs. 441.3 crore

HDB Financial Services Limited (HDBFSL) is a non-deposit taking non-banking finance company ('NBFC') offering wide range of loans and asset finance products to individuals, emerging businesses and micro enterprises. As on June 30, 2022, HDFC Bank held 95.0% stake in HDBFSL.

For the quarter ended June 30, 2022, HDBFSL's net revenue was at ₹ 2,193.8 crore as against ₹ 1,941.1 crore for the quarter ended June 30, 2021, a growth of 13.0%. Profit after tax for the quarter ended June 30, 2022 was ₹ 441.3 crore compared to ₹ 88.6 crore for the quarter ended June 30, 2021.

The total loan book was ₹ 61,814 crore as on June 30, 2022. Stage 3 loans were at 4.95% of gross loans. As on June 30, 2022, total CAR was at 20.3% with Tier-I CAR at 15.4%.

As on June 30, 2022, HDBFSL had 1,403 branches across 1,007 cities / towns.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1363.85 as compared to the previous close of Rs. 1351.30. The total number of shares traded during the day was 248018 in over 11629 trades.

The stock hit an intraday high of Rs. 1365.25 and intraday low of 1346.65. The net turnover during the day was Rs. 337022508.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDBFinancialServices Q1FY2023 ResultUpdate