HDFC bad loans increased in June quarter, but there is also a positive side

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Growth trends are still strong; it is well capitalized, provisions coverage is high

Themes
HDFC | Bad loans | First quarter results

The results of the large mortgage company HDFC for the June quarter (first quarter of fiscal year 22) were mixed. Consolidated operating income was 30,990 crores, less than 35,738 crores in the 4th quarter of fiscal year 21 and slightly over 29,953 crores in the 1st quarter of fiscal year 21.

Interest income on mortgage loans was Rs 10,957, up from Rs 10,879 in Q4, but less than Rs 11,168 a year ago. The insurance business generated a profit of Rs 10,057 compared to Rs 14,634 in the previous quarter and Rs 7,291 last year. PAT (up to minority stake) was Rs 5,311 compared to Rs 5,669 in Q4 …

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First published: Tue 3 Aug 2021 01:52 AM IST





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