HDFC Q4 Results: Profit Rises 20% On Higher Core Income

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Key Points

Gross non-performing asset ratio for the lender fell by 31 basis points sequentially from 1.49% to 1.18%...

India's largest mortgage financier, Housing Development Finance Corp., saw its profit rise 19.6% year-on-year in the JanuaryMarch quarter of fiscal 2023...

Net profit for the quarter stood at Rs 4,425.5 crore, as compared with Rs 3,700 crore a year ago..

The net interest income or core income for the lender rose 15.6% from a year ago to Rs 5,321 crore...

Gross stage 3 assets, which include loans in default for more than 90 days, stood at Rs 7,246 crore, down 34%sequentially..

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