Analysts at Edelweiss Securities had expected a PAT of Rs 3,433 crore.
Read here what analysts had expected from HDFC's Q1 results
reported interest income of Rs 12,734.82 crore. Net interest income (NII) came in at Rs 2,739 crore against Rs 2,562 crore the mortgage lender had clocked in the same quarter last year. Net interest margin remained unchanged at 3.3 per cent.
The company's loan book grew 11.2 percent at Rs 4.16 lakh crore. Gross NPAs grew marginally at 1.29 per cent against 1.22 percent on a QoQ basis. During the quarter, HDFC
booked Rs 1,894.21 crore from sale of investments.
HDFC's board of directors also granted its approval for issuance of secured redeemable non-convertible debentures under a Shelf Disclosure Doscument (Series-W), aggregating Rs 45,000 crore, in one or more tranches, on a private placement basis, subject of approval of shareholders, the company said.