Earnings trajectory remained robust for housing financiers despite pandemic, driven by credit cost remaining at <1%
Profitability across NBFCs-HFCs remained robust during the past five years despite covid as reflected in RoA for select HFCs witnessing steady improvement to 2.9% by FY23 vs 1.8% / 2.2% / 2.4% / 2.4% / 2.7% during FY18 / FY19 / FY20 /FY21 / FY22, respectively.