Housing Development Finance Corporation Ltd. Sells the estimated road by Mustache, reporting a net profit of 3,668.82 Crore Hospital for a June quarter, an increase of 22 percent from last year’s period, on July 29.

The average estimated seven brokers surveyed by Moneycontrol expect net profit in RS 3,902 Crore.

The largest housing financial company in India, 22 percent, an increase in net profit behind 16.9 percent of healthy asset growth under management which helps net interest income increase by 7.8 percent.

Net interest income coming at RS 4,447 Crore is also far from the expectations of analysts who have anticipated it at RS 4701 Crore for the June quarter.

Deputy Chairman of HDFC Keki Mistry said that the full impact of the increase in loan interest rates carried out by HDFC had not been shown in the loan book, which maintains low net interest income for the quarter.

This is due to the delay in the transmission between interest rates in loan costs and an increase in loan interest rates,” he said.

The lender margin increased from last year’s period to 3.4 percent for the June quarter.

Housing lenders report loan growth 16 percent, closer to their historic trends. This growth was driven by individual loans that grew by 19 percent of the years based on AUM.

Disbursement soared during the quarter to 42,000 crore hospitals, Mistry said. Individual loan disbursement grows by 66 percent year to year. The affordable housing loan segment also shows a healthy growth of 10 percent for the quarter, although lower than the 14 percent growth that was seen a year ago.

Another drag on net profit is an increase in the provisions, which rose to RS 510 Crore for the June quarter from RS 450 Crore in the previous quarter. The lender has a RS 13,328 Crore or as a total provision for the potential of delinquency.

Which said, the ratio of the scope of HDFC provisions remains high. Dirty bad loans increased to 1.78 percent of the total loan books for the quarter reported from 2.28 percent in the period last year. This is caused by a decrease in delinquency in non-individual loan books and also resolution.

Delinquency in a non-individual loan book fell to 4.44 percent for the June quarter from the peak of 5.05 percent in the December FY22 quarter. In the March quarter, delinquency was at 4.77 percent. Each book from each of them, slightly increased to below 1 percent.

The stock was closed 2.2 percent higher in NSE in 2,389 hospitals.