HDFC - Q2FY23 Business Update

During the quarter ended September 30, 2022, Housing Development Finance Corporation Ltd (HDFC) assigned loans amounting to ₹ 9,145 crore compared to ₹ 7,132 crore in the corresponding quarter of the previous year. All the loans assigned during the quarter ended September 30, 2022 were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.

Individual loans sold in the preceding 12 months amounted to ₹ 34,513 crore (PY: ₹ 27,199 crore).

Gross income from dividend for the quarter ended September 30, 2022 was ₹ 1,360 crore (PY: ₹ 1,171 crore).

During the quarter ended September 30, 2022, the profit on sale of investments was Nil (PY: Nil).

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

Source : Equity Bulls

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HDFC BusinessUpdate Q2FY23