5 Takeaways from HDFC's Q4 Results

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5 Takeaways from HDFC's Q4 Results

May 2, 2022

Mortgage lender Housing Development Finance (HDFC) today reported its March quarter results during market hours.

The stock, touted to be one of India's favourite, has been under immense pressure of late due to various reasons.

Here are the five important takeaways from HDFC's quarterly results:

  • HDFC reported a 16% year-on-year (YoY) rise in its standalone net profit at Rs 37 bn compared to a net profit of Rs 31.8 bn in the year-ago period.
  • The total revenue from operations increased 5% to Rs 123 bn in the quarter under review as against Rs 117 bn in the same quarter last fiscal, HDFC said in a regulatory filing.
  • The mortgage lender's net interest income (NII) increased 14% to Rs 46 bn compared to Rs 40.3 bn in the previous year.
  • HDFC recorded its highest monthly individual disbursements ever in the March quarter. The demand for home loans and pipeline of loan applications continues to remain strong.

    Growth in home loans was seen in both, the affordable housing segment, as well as, in high end properties. The increasing sales momentum and new project launches augur well for the housing sector, the company's exchange filing read.
  • HDFC's board of directors recommended a dividend of Rs 30 per equity share for the financial year 2021-22.

At present, the stock of HDFC is trading 1% higher at Rs 2,256 on the BSE.

Be it 1 month, 3 months or a year, HDFC shares have a negative performance over all these time periods.

Both HDFC and HDFC Bank have been facing a lot of heat owing to their merger news.

Also, both the companies are FII favourite stocks so heavy selling by FIIs affected their share price.

Last week, the company's Chairman Deepak Parekh said in an interview that lack of communication by the management on the benefits of the merger have led to the fall in the share prices of HDFC and HDFC Bank.

About HDFC

HDFC is the largest, among housing finance providers in India. It has also earned the reputation of a rock-solid financial institution. Not only in India but the world over.

Despite growing competition from banks in the home loan segment, HDFC remains firmly in place to benefit from the government's strong focus on affordable housing.

To know more about the company, check out HDFC's financial factsheet and its latest quarterly results.

For a sector overview, read our finance sector report.

You can also compare HDFC with its peers.

HDFC vs Aavas Financiers

HDFC vs Bajaj Finance

HDFC vs Repco Home Finance

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...

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