HDFC: problem loans to grow in June quarter, but there is also a positive side

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Growth trends remain strong, while the mortgage lender is well capitalized and reserve coverage is high.

Themes
HDFC | Markets | First quarter results

The results of the large mortgage company HDFC for April-June 2021 were mixed. Consolidated income from operations in the first quarter of 2021-22 was 30,990 crores, less than 35,738 crores in the fourth quarter of 2020-2021 (QoQ) and slightly over 29,953 crores in the first quarter of 2020-2021 (YoY) …

The interest income on mortgage loans was Rs 10,957, down from Rs 10,879 (QoQ) and Rs 11,168 (YoY). The insurance business grew with revenue of Rs 10,057 crores versus Rs 14,634 crores (QoQ) and Rs 7,291 crores (YoY). PAT (up to minority stake) was Rs 5311 crore compared to …

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First published: Mon 2 Aug 2021 20:46 IST



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