Monday, 21 October 2019

HDB FINANCIAL SERVICES LTD - SEPT 2019 RESULT UPDATE!



HDB FINANCIAL SERVICES LTD (i.e HDBFS), was incorporated in Year 2008 at Ahmedabad. HDB Financial Services Ltd is the subsidiary company of HDFC Bank Ltd, holding around 95.5% stake in the company.  HDB Financial Services is a non-deposit taking Non-Banking Financial Company (“NBFC”) offering wide range of loans and asset finance products to individuals, emerging businesses and micro enterprises.

HDB Financial Services Ltd owns 1436 branches across 1043 towns/ cities as on 30th Sept, 2019.


HALF YEARLY RESULT UPDATE (Sept 2019):
  • Net Interest Income (NII) grew by 23% to Rs. 1911.2 Crs in H1 FY2020 (Rs. 1560.2 Crs in H1 FY2019.)
  • Total Income stood at Rs. 5205 Crs in H1 FY2020 (Rs. 4078 Crs in H1 FY2019)
  • PAT stood at Rs.478.5 Crs in H1 FY2020 (Rs. 505.3 Crs in H1 FY2019).
  • Equity Paid up of the company is Rs. 785.9 Crs as on 30th Sept, 2019.
  • Net- worth of the company stood at Rs. 71307 Crs as on 30th Sept, 2019.
  • Total Loan Book grew by 16% to Rs. 55759 Crs as on Sept, 2019 v/s 48014 Crs as on Sept, 2018.
  • Gross non-performing loans were at 3.4% of gross loans and Net non-performing loans were at 2.5% of net loans as on September 30, 2019.
  • Total CAR was at 18.2% with Tier-I CAR at 13.3%.


IPO NEWS : Shares of HDB Financial, are being valued at over Rs 80,000-90,000 crore in the grey market, making it the country’s fourth most valuable non-bank lender at the existing prices. HDFC Bank Ltd the promoter of HDB Financial Services Ltd plans to list the company by the end of this financial year.


Read More: Half Yearly Result|

For buying and selling any unlisted shares in physical or Demat mode you can contact us on +91 9215709100 or Email us your requirements on mittalmanish2003@gmail.com






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