Edited by: Muhammad Harris
Last updated: February 02, 2023, 3:13 PM IST
HDFC’s individual loans comprise 82 percent of its assets under management.
HDFC’s assets under management as of December 31, 2022 was Rs 7,01,485 crore as against Rs 6,18,917 crore in the previous year
Private mortgage lender HDFC posted a 13.2 percent increase in standalone profit after tax on Thursday to Rs 3,691 crore in the December 2022 quarter, compared to Rs 3,261 crore in the corresponding quarter last year. Net interest income (NII) for the quarter ended December 2022 was Rs 4,840 crore, an increase of 13 percent compared to Rs 4,284 crore in the previous year.
“For the nine months ended 31 December 2022, the consolidated profit after tax attributable to the Corporation was Rs 18,537 crore as compared to Rs 16,136 crore in the previous year, representing growth of 15 per cent,” HDFC said in a BSE statement. declaration.
It added that as of 31 December 2022, assets under management stood at Rs 7,01,485 crore as against Rs 6,18,917 crore in the previous year. Individual loans comprise 82 percent of assets under management (AUM).
On an AUM basis, the growth of the individual loan portfolio was 18 percent and the growth of the total loan portfolio on an AUM basis was 13 percent.
Read all the latest business news here
