Mumbai: Housing Development Finance Corporation (HDFC) Limited has announced its financial results for the quarter ended June 30 in which the company`s standalone profit after tax stood at Rs. 1,361 crore.
The standalone net interest margin for the quarter stood at 3.8 percent while the spread on loans stood at 2.31 percent.The company registered 23 percent growth in the individual loan book (after adding back the loans sold in the preceding 12 months).
The gross non-performing loans stood at 0.69 percent of the loan portfolio in the quarter ending June 30 as compared to 0.70 percent in the corresponding quarter of the previous year.The consolidated profit after tax stood at Rs. 2,204 crore for the quarter.
The Corporation holds 21.6 percent of the equity share capital of HDFC Bank. HDFC Bank declared a dividend of Rs. 8 per share for Financial Year 2015.
The Annual General Meeting of HDFC Bank was held on July 21, post which the dividend payout was made.