HDB Financial Services Limited (HDBFSL) is a non-banking finance company (NBFC) that offers a wide range of loans and asset finance products to individuals, emerging businesses, and micro-enterprises. As on March 31, 2023, HDFC Bank has a significant 94.8% stake in HDBFSL. The company's net revenue for the quarter ended March 31, 2023, was recorded at Rs. 2282.5 crore, a growth of 5.7% from the same quarter in the previous year. Similarly, the profit after tax for the same quarter in the current year was Rs. 545.5 crore, an increase of 27.7% over the previous year's same quarter. For the year ended March 31, 2023, the company's net revenue grew by 11.4% to Rs. 8,891.0 crore, compared to Rs. 7,980.8 crore in the previous year. The company's profit after tax for the year ended March 31, 2023, was recorded at Rs. 1,959.4 crore, a significant increase of 93.7% from the previous year's profit of Rs. 1,011.4 crore. The company's total loan book was Rs. 70,031 crore as of March 31, 2023. The stage 3 loans were at 2.73% of gross loans, indicating the company's ability to maintain high asset quality. Additionally, as of March 31, 2023, the total CAR was recorded at 20.1%, with Tier-1 CAR at 15.9%, which highlights the company's robust financial position. HDBFSL has a strong and wide presence with 1,492 branches spread across 1,054 cities/towns as of March 31, 2023. This wide network has enabled the company to serve its diverse customer base with its specialized loan and asset finance products. https://unlistedzone.com/shares/buy-sell-hdb-financial-services-unlisted-shares-hdb-finance-share-price/
Note: Check the Latest HDB Financial Services Unlisted Shares Price at UnlisteZone Android or iOS Mobile App.
HDB Financial Services Limited (HDBFSL) is a non-banking finance company (NBFC) that offers a wide range of loans and asset finance products to individuals, emerging businesses, and micro-enterprises. As on March 31, 2023, HDFC Bank has a significant 94.8% stake in HDBFSL.
The company's net revenue for the quarter ended March 31, 2023, was recorded at Rs. 2282.5 crore, a growth of 5.7% from the same quarter in the previous year. Similarly, the profit after tax for the same quarter in the current year was Rs. 545.5 crore, an increase of 27.7% over the previous year's same quarter.
For the year ended March 31, 2023, the company's net revenue grew by 11.4% to Rs. 8,891.0 crore, compared to Rs. 7,980.8 crore in the previous year. The company's profit after tax for the year ended March 31, 2023, was recorded at Rs. 1,959.4 crore, a significant increase of 93.7% from the previous year's profit of Rs. 1,011.4 crore.
The company's total loan book was Rs. 70,031 crore as of March 31, 2023. The stage 3 loans were at 2.73% of gross loans, indicating the company's ability to maintain high asset quality. Additionally, as of March 31, 2023, the total CAR was recorded at 20.1%, with Tier-1 CAR at 15.9%, which highlights the company's robust financial position.
HDBFSL has a strong and wide presence with 1,492 branches spread across 1,054 cities/towns as of March 31, 2023. This wide network has enabled the company to serve its diverse customer base with its specialized loan and asset finance products.
https://unlistedzone.com/shares/buy-sell-hdb-financial-services-unlisted-shares-hdb-finance-share-price/
Note: Check the Latest HDB Financial Services Unlisted Shares Price at UnlisteZone Android or iOS Mobile App.
Disclaimer: This article is for informational purposes only and is not investment advice, nor an offer to buy or sell any security. Unlisted share prices are indicative. Please do your own research or consult a SEBI-registered advisor before investing.
