Housing finance major HDFC has reported a 19 per cent growth in standalone net profit at Rs.1,151.12 crore for the second quarter ended September 30, 2012, as against Rs.970.70 crore in the corresponding period of the previous year.

The company’s standalone net profit for April-September went up by 19 per cent to Rs.2,153.03 crore from Rs.1,815.23 crore in the same period of the previous year.

Loan book

As at September 30, 2012, total assets stood at Rs.1,80,637 crore as against Rs.1,50,045 crore as at September 30, 2011, up 20 per cent. HDFC’s loan book as on September 30, 2012, stood at Rs.1,55,128 crore against Rs.1,26,992 crore as at September 30, 2011. Individual loans sold during the preceding 12 months amounted to Rs.5,630 crore, it said.

The growth in the individual loan book inclusive of loans sold is 31 per cent (24 per cent net of loans sold) whereas the non-individual loan book grew by 19 per cent, HDFC said.

The growth in the total loan book inclusive of loans sold is 27 per cent (22 per cent net of loans sold).

For the six months ended September 30, 2012, loan approvals grew 18 per cent and loan disbursements 21 per cent as compared to the corresponding period in the previous year.

Gross non-performing loans as at September 30, 2012, amounted to Rs.1,206 crore.

This is equivalent to 0.77 per cent of the loan portfolio (previous year 0.82 per cent).

“This is the 31st consecutive quarter end at which the percentage of non-performing loans has been lower than the corresponding quarter in the previous year. The non-performing loans of the individual portfolio stood at 0.65 per cent while that of the non-individual portfolio stood at 0.89 per cent,” HDFC said.

Regulatory provisioning

As at September 30, 2012, the regulatory provisioning requirement stood at Rs.1,430 crore.

HDFC’s capital adequacy ratio stood at 16.7 per cent of the risk weighted assets, as against the minimum requirement of 12 per cent.

On a consolidated basis, HDFC reported a net profit of Rs.2,850.76 crore for the half-year ended September 30, 2012, as compared to Rs.2,348.39 crore in the half year ended September 30, 2011, up 21 per cent.

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