Yesterday HDFC released their Q4 earnings, and here are things you should know:
- HDFC reported a 20% year-on-year (YoY) rise in net profit for the quarter that ended March 2021 to Rs 12,047 crore.
- Total Income grew 31% YoY to Rs 53,851 crore.
- Net interest income (NII), which is the difference between interest earned and interest expended, increased by 15.1% YoY to Rs 17,120.2 crore.
- Net interest margin (NIM), which is the ratio of NII to average interest-earning assets, stood at 4.2% for the quarter.
- Other income , which includes fees, commissions, treasury income and exchange rate gains, rose by 25.9% YoY to Rs 7,593.9 crore.
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Cost-to-income ratio, which is the ratio of operating expenses to net revenues, improved to 36.8% from 37.9% a year ago
Operating expenses increased by 12.6% YoY to Rs 9,181.3 crore - HDFC also recommend a Dividend of ₹19 per share, which is the highest ever since listing.
Note: I am not a SEBI registered Investment Advisor, and this post is for educational purposes only and not investment advice. Please consult your financial advisor before making any investment decision.