Home Business HDFC This fall internet revenue rises 16% to Rs 3,700 crore

HDFC This fall internet revenue rises 16% to Rs 3,700 crore

HDFC This fall internet revenue rises 16% to Rs 3,700 crore

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NEW DELHI: The nation’s largest mortgage lender HDFC Ltd on Monday reported a 16 per cent rise in its standalone internet revenue to Rs 3,700 crore within the March 2022 quarter. The corporate had posted a internet revenue of Rs 3,180 crore within the year-ago interval.
Complete revenue throughout the March 2022 quarter elevated to Rs 12,308.46 crore from Rs 11,707.53 crore within the year-ago interval, HDFC Ltd mentioned in a regulatory submitting.
For the total yr 2021-22, the corporate’s internet revenue rose to Rs 13,742 crore in opposition to Rs 12,027 crore in 2020-21.
On a consolidated foundation, the online revenue throughout This fall FY22 surged 21.6 per cent to Rs 6,892 crore, in opposition to Rs 5,669 crore in This fall FY21.
Earnings throughout the quarter on a consolidated foundation, nevertheless, fell to Rs 35,060 crore from Rs 35,754 crore a yr in the past.
The corporate’s board has additionally really useful a dividend of Rs 30 per fairness share for FY22, HDFC mentioned. The dividend payout ratio is 40 per cent.
In FY22, particular person approvals and disbursements grew by 38 per cent and 37 per cent, respectively, in comparison with the previous fiscal.
“Within the month of March 2022, the company recorded its highest month-to-month particular person disbursements ever. That is even though the earlier yr entailed concessional stamp obligation advantages in sure states, which weren’t there within the present yr,” it mentioned.
Shares of HDFC have been buying and selling at Rs 2253.55 apiece within the afternoon session on BSE, up by 1.14 per cent from the earlier shut.

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