Country's largest mortgage lender HDFC
reported a 19% rise in its net profit at Rs 1151 crore for the quarter
ending September 2012 versus Rs 971 crore reported in the Q2 of previous
fiscal.
During the same period, its net interest income rose to Rs
1,634 crore versus Rs 1,387 crore in the same period last fiscal.
As at September 30, 2012, the loan book stood at Rs 1,55,128
crore against Rs 1,26,992 crore as at September 30, 2011. Individual loans sold
during the preceding twelve months amounted to Rs 5,630 crore. The growth in
the individual loan book inclusive of loans sold is 31% (24% net of loans sold)
whereas the non-individual loan book grew by 19%. The growth in the total loan
book inclusive of loans sold is 27% (22% net of loans sold).
During the six months ended September 30, 2012, the loan
book, inclusive of loans sold, grew by Rs 16,771 crore of which Rs 13,141
crore (representing 78% increase) was on
account of the increase in the individual loan book.
For the six months ended September 30, 2012, loan approvals
grew by 18% and loan disbursements grew by 21% as compared to the corresponding
period in the previous year.
For the six months ended September 2012, HDFC reported a
profit after tax (standalone) of Rs 2153 crore as compared to Rs 1815.23 crore
for the six months ended September 30, 2011 — an increase of 19%. The spread on
loans over the cost of borrowings for the half-year ended September 30, 2012
stood at 2.27%. Net Interest Margin for the half year ended September 30, 2012
was 4.2%.
The housing finance major's capital adequacy ratio stood at
16.7% as against the minimum requirement of 12%. Tier 1 capital adequacy was
14.1% as against a minimum requirement of 6%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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