The shares of HDFC Financial institution have been buying and selling in the present day at 10.55 a.m. on the NSE at ₹1,658.10, down ₹7.95 or 0.48 per cent.
HDFC Financial institution reported a modest 2 per cent year-on-year enhance in internet revenue for the December quarter, reaching ₹16,740 crore. The financial institution’s monetary efficiency revealed nuanced traits throughout key metrics. Web curiosity revenue grew 2 per cent quarter-on-quarter to ₹30,650 crore, with internet curiosity margin barely declining to three.43 per cent from the earlier quarter’s 3.5 per cent.
The financial institution’s asset high quality confirmed a marginal deterioration, with gross non-performing belongings (GNPA) rising to 1.42 per cent from 1.36 per cent within the earlier quarter. Nonetheless, CFO Srinivasan Vaidyanathan emphasised the general portfolio’s power, noting that seasonal agricultural slippages have been the first issue and the core portfolio remained secure.
Deposit progress outpaced credit score enlargement, with deposits growing 16 per cent year-on-year to ₹25.63 lakh crore. Advances grew 6 per cent year-on-year to ₹26.83 lakh crore. Notably, retail loans expanded 10 per cent year-on-year to ₹13.42 lakh crore, whereas company loans contracted 10 per cent to ₹4.80 lakh crore.
HDFC Financial institution performed mortgage sell-downs of ₹20,000 crore within the quarter and roughly ₹45,000 crore over the nine-month interval. The financial institution’s strategic outlook includes sustaining strong deposit progress whereas maintaining mortgage e book enlargement beneath the business common within the present fiscal 12 months. In subsequent years, the financial institution plans to align with and doubtlessly exceed business progress.
