Housing Development Finance Corporation (HDFC) has reported a profit after tax of Rs 468.11 crore for Q1 2008-09 as compared to Rs 372.81 crore in the corresponding quarter of the previous year, showing an increase of 26%.
The company witnessed a rise in its total income during the reporting quarter to Rs 2,318.62 crore from Rs 1,830.39 crore during the same period last year.
Total assets of the housing finance major increased 25% to Rs 85,163 crore in the reporting period as against Rs 68,269 crore as of June 2007.
The loan portfolio comprising loans outstanding, deposits and investments in debentures for financing real estate related projects stood at Rs 78,623 crore as of June 2008, as against Rs 60,485 crore same time last year, representing an increase of 30%.
The company?s lending operations, loan approvals for the quarter ended June 2008 grew 30% to Rs 9,996 crore as against Rs 7,713 crore in the corresponding period last year.
At the same time, home loan disbursements amounted to Rs 7,204 crore as against Rs 5,645 crore over the corresponding period last year, representing a robust growth of 28%.
As on June 30, 2008, the unrealised gains on HDFC?s listed investments amounted to Rs. 7,305.08 crore. This excludes the appreciation in the value of unlisted investments.
The company raised Rs 1,040 crore through private placements of non-convertible debentures during the quarter.
Its capital adequacy ratio stood at 15.9% of the risk weighted assets, as against the minimum requirement of 12%. Tier-I capital was 14% against a minimum requirement of 6%.
As of June 2008, the company?s deposits stood at Rs 13,044 crore and the unrealised gains on
HDFC?s listed investments amounted to Rs 7,305.08 crore. This excludes the appreciation in the value of unlisted investments.
The non-banking finance company has reported ?nil? profit on sale of investments during the first quarter of 2008-09, as compared to Rs 22 crore a year ago.
