HDB released its financials for Q4 FY24

HDB Financials released its financials for Q4 FY24. The company recorded a revenue growth of 13.9% in Q4 FY24 from from Rs 3,220 in Q4 FY23 to Rs 3,667 Cr in Q4 FY24. The profit of the company grew by 20.3% from Rs 545 Cr in Q4 FY23 to Rs 656 Cr in Q4 FY24. The capital ratio of the company declined by 6.1% from 21% in Q4 FY23 to 19% in Q4 FY24 and the liquidity coverage ratio of the company increased by 7.7% from 130% to 140%
An interest point is to note that the interest income of the company increased by 28.4% from Rs 2,382 Cr in Q4 FY23 to Rs 3,058 Cr in FY24 whereas income from the sale of services declined by 50.9% from Rs 624 Cr in Q3 FY24 to Rs 306 Cr in Q4 FY24 and the finance cost increased by 43.8% from Rs 958 Cr in Q4 FY23 to 1,377 Cr in Q4 FY24