Contrary to the forecasts made by the experts, HDFC Limited profit jumped up for the March quarter and it registered a growth rate of 27%. The net profit escalated upto Rs 2,861.58 crore in the March quarter as compared to Rs 2,256.68 crore in the similar quarter for the last year. HDFC share price increased by 1%.
HDFC Share Price and Q4 Results
The total income of HDFC Ltd. increased up to Rs 11,586.58 crore for the quarter ended March as compared to Rs 9,322.36 crore in the similar period for the last year. The net interest income stood at Rs 3,161 crore as compared to Rs 2,650 crore in the last year, a growth rate of 19% is registered.
The gross NPA of the loans for March 31, 2019 registered at Rs 4,777 crore, which shares 1.18% of the loan portfolio. The NPA of the individual portfolio was registered at 0.70% while that of non-individual portfolio was at 2.3%
On the face of it, it seems to be a healthy quarter that replicates high PAT growth and improved margins coupled with stable gross NPA’s. The asset quality is likely to remain stable. In lieu of results the company has recommended a dividend of Rs 17.50 per equity share.
The HDFC Limited share price traded in positive territory at Rs 1,947 in noon trade. It is predicted that the future outlook will remain stable but it is anticipated that there would be an increase in individual loan growth.
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