HDFC Q1FY23 Quarter Results

HDFC’s net profit grew 5% YoY
  • 29 Jul 2022
  • HDFC’s net income declined by 34% quarter-on-quarter (QoQ) during the quarter ended June (Q1FY23). On a year-on-year (YoY) basis, it witnessed a fall of 25%.
  • Its expenses for the quarter were down by 36% QoQ and 29% YoY.
  • HDFC’s net profit was down 19% QoQ and up 5% YoY.
  • The earnings per share (EPS) of HDFC stood at 29.3 during Q1FY23.

HDFC’s financial statements for Q1FY23:

(Rs, crores) Q1FY22 Q4FY22 Q1FY23 QoQ (%) YoY (%)
Total Income
30,997.1
35,060
23,193
-34%
-25%
Total Expenses
26,586.5
29,451
18,834
-36%
-29%
Profit before tax
6,295.3
8,056
6,544
-19%
4%
Tax
984.3
1,164
970
-17%
-1%
Profit after tax
5,310.9
6,892
5,574
-19%
5%
Earnings per share
27.9
35.7
29.3

Data Source: BSE, Company announcements

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