Net profit, excluding DTL, was R1,440.83 crore. The net interest income without taking into account profit on sale of investments stood at R1,878 crore in the quarter under review, up 18.9% from R1,579 crore in the comparable quarter last year. It also recorded a net interest margin (NIM) of 4 % in Q2.
As on September 30, the loan book stood at R2,12,344 crore against R1,84,886 crore at the end of Q2 of the previous fiscal. Growth in the non-individual loan portfolio stood at 11%. Growth in the total loan book, inclusive of loans sold, was 19% (15% net of loans sold), whereas that in the individual loan book stood at 23%.
If you look at our loan book, we have registered incremental growth. The individual component has been at 81% and the non-individual 19%, Keki Mistry, CEO, HDFC, told a business news channel. Gross non-performing loans at the end of the second quarter amounted to R1,472 crore. Non-performing loans of the individual portfolio stood at 0.53%, while that of the non-individual portfolio stood at 1.02%.
HDFC registered a 11% growth in total income, which came in at R6,635.44 crore. Profit on sale of investment was R102.73 crore compared to R86.75 crore in the second quarter of FY14.
The balance in the provision for contingencies account as on September 30 stood at R1,983 crore of which R471 crore was on
account of non-performing loans and the balance
R1,512 crore was in respect
of general provisioning
on standard loans and other provisions.