HDFC Q1 net profit up 17 %

Mumbai, PTI | Updated : 20 July 2013, 09:07 AM

HDFC reported a net profit of Rs.1,173.10 crore for the quarter ended June 30, 2013, as compared to Rs.1,001.91 crore for the first quarter ended June 30, 2012, an increase of 17 per cent. However, the consolidated net profit stood at Rs.1,707.10 crore against Rs.1,275.86 crore, an increase of 34 per cent.

“The share of profit from subsidiary and associate companies in the consolidated profit after tax (net profit) grew to 31 per cent for the quarter ended June 30, 2013, compared to 25 per cent in the corresponding quarter of the previous year,” said HDFC in a release.

As at June 30, 2013, total assets stood at Rs.2,02,268 crore against Rs.1,74,191 crore as at June 30, 2012, an increase of 16 per cent.

The loan book stood at Rs.1,76,993 crore as on June 30, 2013, as against Rs.1,48,262 crore as at June 30, 2012. Loans sold during the preceding 12 months amounted to Rs.6,310 crore.

Gross non-performing loans as at June 30, 2013, amounted to Rs.1,371 crore.

This is equivalent to 0.77 per cent of the loan portfolio (previous year 0.79 per cent).

HDFC’s capital adequacy ratio stood at 16.3 per cent of the risk weighted assets, as against the minimum requirement of 12 per cent.
Tier-1 capital was 14 per cent against a minimum requirement of 6 per cent.

First Published: Saturday, July 20, 2013 09:06 AM
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