Housing Development Finance Corporation Ltd., incorporated in 1977, is a large capitalization company (having a market capitalization of Rs 395420.93 Crore) operating in the NBFC sector.
The main products/revenue segments of Housing Development Finance Corporation Ltd. include interest, income from the sale of shares and securities, other services, dividends, fee and commission income and rental income for the year ending March 31, 2021.
finance
For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 35,059.75 Crore, up 11.98% from last quarter, total revenue of Rs 31,307.69 Crore and up down -1.94% compared to the same quarter last year. Total revenue of Rs 35753.86 Crore. The company reported a net profit after tax of Rs 4444.05 Crore last quarter.
Investment rationale
Management estimates that the mortgage market is expected to double to US$600 billion over the next five years (mortgage penetration at 13% of GDP). The optimal way to develop housing finance is to be housed within a banking structure. Moreover, it is an opportune moment to bring the merger to fruition with a series of favorable regulatory developments (in particular progressive reduction of the CRR/SLR, low rate environment, certificates, etc.). He awaits regulatory guidance for the future. Without a doubt, there are structural synergies and both franchises are well equipped to drive them in the best possible way in the medium and long term. Nevertheless, this incurs costs in the meantime and requires regulatory approvals on various aspects.
Promoter/Fii Holdings
The promoters held 0% of the company’s capital as of March 31, 2022, while the FIIs held 69.19% and the DIIs 18.98%.
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