NEW DELHI: HDFC Financial institution on Saturday reported a 26.eight per cent year-on-year (YoY) rise in standalone web revenue at Rs 6,345 crore for the September quarter after offering Rs 2,652.40 crore for taxation.
The personal lender had reported Rs 5,005.73 crore revenue within the corresponding quarter final 12 months. Analysts in an ET NOW ballot had projected revenue at Rs 6,100 crore.
India’s most-valued lender reported a 14.89 per cent rise in web curiosity revenue (NII) at Rs 13,515.zero crore crore in contrast with Rs 11,763.four crore in the identical quarter final 12 months. Internet curiosity margin (NIM) for the quarter got here in at four.2 per cent.
Non-interest income or different revenue stood at Rs 5,588.70 crore, up 39.2 per cent over Rs four,015.60 crore within the corresponding quarter of final 12 months.
The lender made Rs 2,700.70 crore in provisions and contingencies for the quarter, which included particular mortgage loss provisions of Rs 2,zero38.zero crore and common provisions and different provisions of Rs 662. 70 crore.
The determine was 48 per cent greater than Rs 1,820 crore. Value of provisions it made within the year-ago quarter.
Gross non-performing belongings (NPAs) stood 1.38 per cent of gross advances as on September 30, in contrast with 1.40 per cent in June quarter and 1.33 per centin the year-ago quarter. Internet NPA for the quarter stood at zero.four per cent of web advances, the financial institution stated.
The personal lender will host earnings name with analysts and traders at 5 pm.