Saturday, July 2, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share

Jaleel M. by Jaleel M.
May 25, 2020
in Business
0
HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter


Related posts

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

May 18, 2022
How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

May 17, 2022

Housing Development Finance Corporation (HDFC) on Monday reported 22 percent fall in net profit at Rs 2,233 crore for the January to March quarter.

#4QWithCNBCTV18 | HDFC’s net profit slips 22% YoY at Rs 2,232.5 cr Vs Rs 2,861.58 cr

Revenue from ops rises 3.4% at Rs 11,976 cr Vs Rs 11,580 cr (YoY)

— CNBC-TV18 (@CNBCTV18Live) May 25, 2020

The home loan lender had reported a profit of Rs 2,862 crore in the corresponding quarter of last year. It reported provisioning of Rs 1,274 crore, including the impact for COVID-19, for Q4 FY20 as compared to Rs 398 crore in Q4 FY19.

 HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share

File image of HDFC Chairperson Deepak Parekh. PTI.

However, the company board announced a dividend of Rs 21 per share for FY20.

For the full fiscal, the net profit on standalone basis nearly doubled to Rs 17,769.65 crore as against Rs 9,632.46 crore.

However, HDFC Ltd in a statement said the profit numbers for the year are not directly comparable with that of the previous year due to various reasons, including additional provisioning for the impact of COVID-19 of Rs 5,913 crore as against Rs 935 crore in the previous fiscal.

Net interest income for the quarter rose by 17 percent to Rs 3,780 crore compared with Rs 3,238 crore in the year-ago quarter.

Besides, the net interest margin for the quarter came in at 3.4 percent against 3.3 per cent in the same quarter last year.

The company said in a statement that 36 percent of home loans approved in volume terms and 18 percent in value terms in FY20 were to economically weaker section and low-income groups.

“The gross non-performing loans as at March 31, 2020 stood at Rs 8,908 crore. This is equivalent to 1.99 percent of the loan portfolio. The non-performing loans of the individual portfolio stood at 0.95 percent while that of the non-individual portfolio stood at 4.71 percent,” it said.

As per National Housing Bank (NHB) norms, it said, the company is required to carry a total provision of Rs 4,188 crore. Of this, Rs 1,921 crore is towards provisioning for standard assets and Rs 2,267 crore is towards non-performing assets.

–With inputs from agencies





Source link

Previous Post

Sri Lanka Fast Bowler Shehan Madushanka Held On Drug Charge

Next Post

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart

Next Post
Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Ardern defers decision to ease Auckland lockdown, Australia/NZ News & Top Stories

Ardern defers decision to ease Auckland lockdown, Australia/NZ News & Top Stories

2 years ago
Premier League 2020/21 Season To Start On September 12

Premier League 2020/21 Season To Start On September 12

2 years ago
Victoria Police Busts Alleged International Tennis Match-Fixing Racket: Report

Victoria Police Busts Alleged International Tennis Match-Fixing Racket: Report

2 years ago
ICC Postpones Two Series On Road To World Cup 2023

ICC Postpones Two Series On Road To World Cup 2023

2 years ago

FOLLOW US

  • 114 Followers
  • 29.5k Followers
  • 172k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy