Housing Development Finance Corporation - HDFC today reported 27% growth in quarterly profits as compared to the same quarter in the last Financial Year.
HDFC provides housing loans (also called as mortgage loans) to individuals and constructions loans to builders.
The company in the Financial Year 2018-19 focused on individual loans. Its individual loan book grew by 17%.
Keki Mistry, VC and CEO of HDFC said that the company saw a huge backlog in sale of loans due ot the lack of clarity on GST on loans and that the focus on affordable homes continues unabated. The company's total loan book grew by 15% YoY in FY19.
During the year 2018-19, 37% of the number of individuals who took loan from HDFC were from the affordable segment. This number in value terms ( i.e. as a percentage of the amount of total loans disbursed by the company) was 18%.
The overall average of the loan disbursed is Rs.27lacs i.e on an average an individual got a loan of Rs.27lacs from the company.
The break up of the loan book of the company is as follows
Individual Loans: 74% of the total loans
Construction Finance: 12% of the total loans
Lease Rental Discounting: 9% of the total loans
Corporate Loans:5% of the total loans.
The company had made investments in its subsidiaries and HDFC Bank. These investments are reflected in the books of the company (in its balance sheet) at the original level i.e. at the value at which these investments were made. However the value of these investments - over the years - has appreciated as the share price of these companies (including HDFC Bank) has gone up. The difference in the market price and investment price of these investments (unrecognised gains) is Rs.1,87,000/- crores.
HDFC provides housing loans (also called as mortgage loans) to individuals and constructions loans to builders.
The company in the Financial Year 2018-19 focused on individual loans. Its individual loan book grew by 17%.
Keki Mistry, VC and CEO of HDFC said that the company saw a huge backlog in sale of loans due ot the lack of clarity on GST on loans and that the focus on affordable homes continues unabated. The company's total loan book grew by 15% YoY in FY19.
During the year 2018-19, 37% of the number of individuals who took loan from HDFC were from the affordable segment. This number in value terms ( i.e. as a percentage of the amount of total loans disbursed by the company) was 18%.
The overall average of the loan disbursed is Rs.27lacs i.e on an average an individual got a loan of Rs.27lacs from the company.
The break up of the loan book of the company is as follows
Individual Loans: 74% of the total loans
Construction Finance: 12% of the total loans
Lease Rental Discounting: 9% of the total loans
Corporate Loans:5% of the total loans.
The company had made investments in its subsidiaries and HDFC Bank. These investments are reflected in the books of the company (in its balance sheet) at the original level i.e. at the value at which these investments were made. However the value of these investments - over the years - has appreciated as the share price of these companies (including HDFC Bank) has gone up. The difference in the market price and investment price of these investments (unrecognised gains) is Rs.1,87,000/- crores.
HDFC Ltd. is 2.2 times in last 5 years.
(Source: www.bseindia.com)
HDFC Ltd. is 30.57 times in last 17 years.
(Source: www.bseindia.com)
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