HDFC posted a net profit of ₹2,233 crore for the quarter ended March 31, down from ₹2,862 crore in the corresponding quarter of the previous year.
The board of HDFC also approved a dividend of ₹21 per share. HDFC said dividend income received during the quarter was ₹2 crore compared with ₹537 crore in the same quarter last year while profit on sale of investment for the quarter stood at ₹2 crore as compared with ₹321 crore in the year-ago quarter.
The mortgage lender reported provisioning of ₹1,274 crore, including impact for Covid. HDFC's capital adequacy ratio stood at 17.7% of which Tier 1 capital was 16.6% and Tier II was 1.1%.