HDFC Q4 Results 2022

Yearly results of HDFC

The profit after tax for the year ended March 31, 2022, stood at Rs 13,742 crore compared to Rs 12,027 crore in the previous year. 

The net interest income (NII) for the year ended March 31, 2022, stood at ₹ 17,119 crore compared to Rs 14,970 crores in the previous year, representing a growth of 14%.

During the year ended March 31, 2022, individual approvals and disbursements grew by 38% and 37% respectively compared to the previous year. 

During the year, 29% of home loans approved in volume terms and 13% in value terms have been to customers from the Economically Weaker Section (EWS) and Low Income Group (LIG).

The average home loan to the EWS and LIG segment stood at Rs 11.2 lakh and Rs 19.7 lakh respectively. 

The board of directors of HDFC has recommended a dividend for the year ended March 31, 2022, of Rs 30 per equity share.

Highlights of HDFC Results

• In the month of March 2022, the company recorded its highest monthly individual disbursements ever.
• For the quarter ended March 31, 2022, the average loan size was Rs 34.7 lakhs.
• As of March 31, 2022, the assets under management (AUM) stood at Rs 6,53,902 crore as against Rs 5,69,894 crore in the previous year with individual loans comprising 79% of the AUM. 
• The collection efficiency for individual loans on a cumulative basis stood at over 99%
• during the quarter ended March 31, 2022. 
• The gross Non-Performing Loans (NPLs) as at March 31, 2022, stood at Rs 10,741 crore – equivalent to 1.91% of the portfolio. 
• The company mentioned that demand for home loans and the pipeline of loan applications continues to remain strong. 
• The company mentioned that during the year, 91% of new loan applications were received through digital channels. 
• The board also approved the issuance of Non-Convertible Debentures and/or any other hybrid instruments up to Rs 1.25 lakh crore on a private placement basis. 

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Research Analyst: Bavadharini KS