Conference Call with Housing Development Finance Corporation Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Housing Development Finance Corporation announced Q3FY23 results: Q3FY23: The profit before tax for Q3FY23 stood at Rs 4,612 crore compared to Rs 4,048 crore in the corresponding quarter of the previous year. After providing Rs 921 crore for tax, the reported profit after tax stood at Rs 3,691 crore compared to Rs 3,261 crore in the corresponding quarter of the previous year. Standalone & Consolidated 9MFY23: 18% growth in the Profit After Tax for 9MFY23 at Rs 11,814 crore. Loan book crosses Rs 6 lakh crore; Assets under management at over Rs 7 lakh crore. 26% growth in the individual loan book (after adding back loans sold in the preceding 12 months). Significant improvement in asset quality; credit costs for Q3FY23 at 22 bps. NIM at 3.5%, Spreads at 2.29%. Capital Adequacy at 23.7%; Tier 1 Capital at 23.2%. Result PDF