HDFC Ltd's Sept qtr net up 32% to Rs 3,780 cr on spike in dividend income

The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2

The country’s largest mortgage financier, HDFC Ltd, reported a 32 per cent year-on-year (YoY) rise in net profit in the July-September quarter (Q2FY22), aided by sharp rise in dividend income. The lender’s net profit for the period stood at Rs 3,780 crore, compared to Rs 2,870 crore in the year-ago period, and beat street estimates as well.

The lender's revenue from operations rose 4 per cent YoY to Rs 12,216 crore in the reporting quarter while its net interest income was up 13 per cent YoY to Rs 4,109 crore in Q2 from Rs 3,646.5 crore a year ago.

HDFC