NEW DELHI: HDFC Financial institution posted smaller-than-expected quarterly (This fall) revenue of Rs 16,511 crore for the January-March quarter (This fall) of the monetary 12 months 2023-24 (FY24) on Saturday. This marks a 0.84 per cent soar when in comparison with Rs 16,373 crore clocked within the earlier quarter.
Nonetheless, the quarterly revenue of the biggest personal lender is beneath analysts’ forecast of Rs 17,315, in line with LSEG information.Its web curiosity earnings (NII) elevated to Rs 29,080 crore from Rs 28,470 core within the earlier quarter, whereas the opposite earnings stood at Rs 18,170 crore.
HDFC Financial institution has reported its core web curiosity margin of three.44% on whole belongings whereas the gross non-performing belongings (NPA) ratio got here at 1.24%.
The outcomes can’t be in contrast on a year-over-year foundation as HDFC Financial institution merged with its mother or father firm, Housing Improvement Finance Corp, within the month of July.
The shares of HDFC Financial institution settled 2.5% larger previous to the announcement of the outcomes on Friday.
Nonetheless, the quarterly revenue of the biggest personal lender is beneath analysts’ forecast of Rs 17,315, in line with LSEG information.Its web curiosity earnings (NII) elevated to Rs 29,080 crore from Rs 28,470 core within the earlier quarter, whereas the opposite earnings stood at Rs 18,170 crore.
HDFC Financial institution has reported its core web curiosity margin of three.44% on whole belongings whereas the gross non-performing belongings (NPA) ratio got here at 1.24%.
The outcomes can’t be in contrast on a year-over-year foundation as HDFC Financial institution merged with its mother or father firm, Housing Improvement Finance Corp, within the month of July.
The shares of HDFC Financial institution settled 2.5% larger previous to the announcement of the outcomes on Friday.
