 "HDB Financial Services posts net profit of Rs 304 cr in Q3")
HDB Financial Services Limited (HDBFSL) posted a net profit of Rs 304.1 crore in the third quarter ended December 2021 (Q3FY22). It had posted loss of Rs 146.2 crore in same quarter last year (Q3FY21).
Sequentially, net profit rose over 50% when compared to Rs 191.7 crore reported in the second quarter ended September 30, 2021 (Q2FY22). HDBFSL is a subsidiary of HDFC Bank.
Its revenues in the reporting quarter rose 15 per cent to Rs 1,981.6 crore from Rs 1,723.7 crore in Q3FY21. Sequentially, they grew marginally from Rs 1,916.7 crore in Q2FY22.
Its credit growth, on an annual basis, was flat as its total loan book stood at Rs 60,478 crore at end of December 2021 as against Rs 60,068 crore a year ago and Rs 60,008 crore in September 2021.
The liquidity coverage ratio was healthy at 222 per cent in December 2021.
Its gross non-performing assets stood at 6.05 per cent at end of December 2021 as against 5.9 per cent (proforma basis) a year ago and 6.1 per cent in September 2021.
Its Capital Adequacy Ratio (CAR) was at 20.3 per cent with Tier-I at 14.9 per cent in December 2021.
As on December 31, 2021, HDBFSL had 1,328 branches across 965 cities / towns.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%