HDFC This fall internet rises 16%, file month-to-month disbursements in March
2 min readMortgage lender HDFC Ltd on Monday posted a 16 per cent rise in internet revenue at Rs 3,700 crore for the quarter ended March 2022 as in comparison with Rs 3,180 crore within the corresponding quarter a yr in the past.
Its board has beneficial a dividend of Rs 30 per share for the yr ended March 2022 as towards Rs 23 per fairness in FY21. During 2021-22, particular person approvals and disbursements grew by 38 per cent and 37 per cent, respectively, in comparison with the earlier yr.
In March, the company recorded its highest month-to-month particular person disbursements ever. This is even though the earlier yr entailed concessional stamp obligation advantages in sure states which weren’t there within the present yr, HDFC mentioned.
As of March 2022, the belongings beneath administration (AUM) stood at Rs 6,53,902 crore as towards Rs 5,69,894 crore within the earlier yr. Individual loans comprise 79 per cent of the AUM. On an AUM foundation, the expansion within the particular person mortgage ebook was 17 per cent and that within the complete AUM was 15 per cent.
During Q4FY22, HDFC assigned particular person loans amounting to Rs 8,367 crore (Rs 7,503 crore a yr in the past). Individual loans offered within the previous 12 months amounted to Rs 28,455 crore (Rs 18,980 crore final yr).
As of March, gross particular person non-performing loans (NPLs) stood at 0.99 per cent of the person portfolio, whereas the gross non-performing non-individual loans stood at 4.76 per cent of the non-individual portfolio. Gross NPLs as at March 31, 2022 stood at Rs 10,741 crore. This is equal to 1.91 per cent of the portfolio.