Sunday, March 16, 2025 | 11:43 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

HDFC: Q2 operationally in line, one-off gains offset by credit loss

While expected credit loss was due to IL&FS, the company created additional buffer out of exceptional income

HDFC valuations indicate upside for stock: Listing of biz units is positive
Premium

Shreepad S Aute
Housing Development Finance Corporation's (HDFC) September quarter (Q2) numbers, announced on Thursday, are in line with the Street’s estimates to some extent. 

Net profit grew 24.7 per cent year-on-year (YoY) to Rs 24.7 billion, against a Bloomberg analysts’ poll of Rs 24.3 billion. Even its loan book growth of 17 per cent to Rs 3.8 trillion was within the 17-21 per cent range in the last five quarters, though a tad lower than 18 per cent growth anticipated by analysts. 

Net interest income (NII), too, grew 16 per cent YoY to Rs 26.3 billion. However, a sharp rise in expected

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in