HDB Financial Services Unlisted Shares Q1 FY25 | Impressive Financial Results
HDB Financials has announced its Q1 FY25 results, and these results are truly impressive!
HDB Financials' revenue increased by 14.7%, growing from ₹3,387 crore in Q1 FY24 to ₹3,884 crore in Q1 FY25. The profit also rose by 3.1%, increasing from ₹761 crore to ₹784 crore. However, the Capital Adequacy Ratio fell from 19.7% to 18.8%, while the Liquidity Coverage Ratio increased from 224% to 240%.
Notably, the interest income surged by 26.8%, climbing from ₹2,573 crore to ₹3,264 crore. However, income from the sale of services decreased by 45.7%, dropping from ₹577 crore to ₹313 crore. Additionally, the finance cost rose by 39.5%, increasing from ₹1,072 crore to ₹1,496 crore.
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About HDB Financial Services Pre IPO:
HDB Financial Services (HDBFS) is a Non-Deposit taking Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI) as Investment and Credit Company (ICC). HDBFS is one the 15 NBFCs falling in Upper Layer under Scale Based Regulation for NBFCs for the year 2023-24. HDBFS provides, collection, and insurance services in India. The company operates in two segments, Lending Business and BPO Services. It offers consumer loans, such as consumer durable, digital products, lifestyle products, auto, two-wheeler, gold, and personal loans to individuals; enterprise loans, including unsecured business, enterprise business, property, lease rental, and securities loans, as well as auto refinance services. The company also provides loans for the purchase of new and used commercial vehicles, construction equipment, and tractors, as well as refinancing services for existing vehicles.
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