Calculate your SIP ReturnsExplore

HDFC Q4 Results 2022: Net Profit jumps 16% to Rs 3,700 cr

25 September 20235 mins read by Angel One
HDFC Q4 Results 2022: Net Profit jumps 16% to Rs 3,700 cr
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

HDFC Q4 Results 2022 – Net Profits

HDFC, a housing financing company, reported a 16 percent increase in profit after tax (PAT) to Rs 3,700 crore in the March 2022 quarter, up from Rs 3,180 crore the previous quarter. Its net interest income (NII) climbed by 14% to Rs 4,601 crore from Rs 4,027 crore the previous year.

At the end of the March 2022 quarter, it had Rs 6,53,902 crore in assets under management (AUM), up from Rs 5,69,894 crore the previous year. Individual loans accounted for 79 percent of the AUM as of March 31, 2022. The individual loan book grew by 17% on an AUM basis, while the entire AUM grew by 15%, according to a statement from HDFC.

During January-March 2022, HDFC awarded individual loans of Rs 8,367 crore, up from Rs 7,503 crore the previous year. Individual loans sold in the previous year were Rs 28,455 crore, up from Rs 18,980 crore the year before. According to the statement, HDFC also issued standard, non-individual loans of Rs 1,500 crore throughout the year.

Financials Q4 of FY2022 Q4 of FY2021 % Change
Total Income Rs 41,086 crore Rs 38,018 crore 8%
Net Profit Rs 10,005 crore Rs 8,187 crore 22.8%
Diluted EPS 18.0 14.7 NA

Q4 Dividend Issued

Its top management also proposed a dividend of Rs 30 per stock unit having a face value of Rs 2 for the fiscal year ending March 31, 2022, up from Rs 23 per equity share the previous year. According to HDFC, the dividend payout ratio is 40%.

The demand for house loans, as well as the pipeline of loan applications, remains high. Home loan growth was noted in both the inexpensive housing sector and the high-end housing segment. The housing market is looking well, thanks to rising sales and new project launches. Approximately 91% of new loan applications were received through digital channels.

Rise in Revenue

The non-individual loan book grew in the March 2022 quarter, with a healthy pipeline of loans from lease rental discounting and construction financing. The Corporation’s capital adequacy ratio was 22.8 percent at the end of the March 2022 quarter. Tier-I capital accounted for 22.2 percent, while Tier-II capital accounted for 0.6 percent. The capital adequacy ratio and Tier-I capital minimum requirements, according to regulatory standards, are 15% and 10%, respectively.

Individual loan collection efficiency was above 99 percent on a cumulative basis for the quarter ending March 31, 2022. As of March 31, 2022, gross non-performing individual loans (NPLs) accounted for 0.99 percent of the individual portfolio, while gross non-performing non-individual loans accounted for 4.76 percent of the non-individual portfolio. As of March 31, 2022, gross NPLs were Rs 10,741 crore. This equates to 1.91 percent of the portfolio’s value.

This is a considerable improvement over December 31, 2021, when gross individual NPLs were 1.44 percent of the non-individual portfolio and gross non-individual NPLs were 5.04 percent. Unaccounted profits on listed interests in subsidiary and associate firms were Rs 2,34,248 crore as of March 31, 2022. HDFC’s earnings after tax for the whole financial year 2021-22 was Rs 13,742 crore, up from Rs 12,027 crore the previous year. The cost-to-income ratio was 8.1 percent for the fiscal year ending March 2022.

On a consolidated basis, HDFC Q4 result’s profit after tax attributable to the Corporation for the financial year 2021-22 was Rs 22,595 crore, up from Rs 18,740 crore the previous year, representing a 21 percent increase.

Wrapping Up

HDFC Bank is India’s largest private sector bank in terms of assets and the tenth-largest bank in terms of market capitalization as of April 2021. With a market value of $122.50 billion, it is the third largest stock market in India. With roughly 120,000 employees, the corporation is India’s fifth largest employer. The HDFC stock price ended at Rs 1,400.25 on Monday. Visit Angel One today to discover more about the markets and HDFC ltd share price.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

Enjoy Zero Brokerage on Equity Delivery
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link

Enjoy Zero Brokerage on
Equity Delivery