HDB Financial released its financials for Q1 FY24

The HDB Financial announced its financials for Q1 FY24. The revenue of the company increased by 13.6% from Rs 2980.2 Cr in Q1 FY23 to Rs 3,386.8 Cr in Q1 FY24. The net profit of the company increased by 28.5% from Rs 441.3 Cr in Q1 FY23 to Rs 567.0 Cr in Q1 FY24. The Capital Adequacy Ratio of the company remained in line with slightly downward biases from 20.2% in Q1 FY23 to 19.7% in Q1 FY24. The liquidity ratio of the company increased by 36.6% from 164.0%  in Q1 FY23 to 224.0% in Q1 FY24