Business Wire IndiaPERFORMANCE HIGHLIGHTS
  • 16% growth in loan book on an Assets Under Management (AUM) basis
  • 23% growth in the individual loan book (after adding back loans sold in the preceding 12 months)
  • For the quarter ended March 31, 2017:
    • 14% growth in standalone Profit Before Tax, after adjustment for one-time profit on sale of investment and consequent voluntary, additional provisioning
    • Standalone profit after tax at Rs 2,044 crore
  • For the year ended March 31, 2017:
    • 11% growth in standalone Profit Before Tax, after adjustment for one-time profit on sale of investments and consequent voluntary, additional provisioning
    • Standalone profit after tax at Rs 7,443 crore
  • Final dividend of Rs 15 per equity share of Rs 2 per share recommended, total dividend (including interim dividend): Rs 18 per share (Previous Year: Rs 17 per share) 
  • Consolidated Profit after Tax for the year ended March 31, 2017 at Rs 11,051 crore  
The Board of Directors of Housing Development Finance Corporation Limited (HDFC) approved the standalone and consolidated audited financial results of the Corporation for the year ended March 31, 2017 at its meeting held on Thursday, May 4, 2017 in Mumbai.
STANDALONE FINANCIAL RESULTSFinancials for the quarter ended March 31, 2017Financials for the year ended March 31, 2017During the first quarter of the financial year ended March 31, 2017, the Corporation sold equity shares of HDFC Ergo General Insurance Company Limited for a consideration of922 crore. Consequently, the Corporation had created a special provision of275 crore as a charge to the statement of profit and loss.  After adjusting for this and for the sale of HDFC Life as referred to above, the adjusted profit before tax for the year ended March 31, 2017 stood at10,080crore as compared to9,045 crore in the previous year, representing a growth of 11%.DIVIDENDLENDING OPERATIONSOn an Assets under Management (AUM) basis, the growth in the individual loan book was 16% and the non-individual loan book was 17%. The growth in the total loan book was 16%.Of the total loans, individual loans comprise 73%. During the year, 71% of the incremental growth in the loan book came from individual loans.As at March 31, 2017, the loan book stood at Rs 2,96,472crore as against Rs 2,59,224 crore in the previous yearThe growth in the individual loan book, after adding back loans sold in the preceding 12 months was 23% (14% net of loans sold). The non-individual loan book grew at 17%. The growth in the total loan book after adding back loans sold was 21% (14% net of loans sold). Asset QualityGross non-performing loans as at March 31, 2017 amounted to Rs 2,378 crore. This is equivalent to 0.79% of the loan portfolio.Spread and Net Interest MarginINVESTMENTSAs at March 31, 2017, the unrealised gains on HDFC’s listed investments amounted toCOST INCOME RATIOCONSOLIDATED FINANCIAL RESULTSDISTRIBUTION NETWORKHDFC’s distribution network spans 427 outlets which include 130 offices of HDFC’s distribution company, HDFC Sales Private Limited (HSPL). HDFC also covers additional locations through its outreach programmes. DistributionTo cater to non-resident Indians, HDFC has representative offices inand service associates in Kuwait, Oman, Qatar, Abu Dhabi and Saudi Arabia.