Housing Development Finance logo

HDFC - Housing Development Finance News Story

₹2422 -16.7  -0.7%

Last Trade - 14/05/21

Large Cap
Market Cap £42.33bn
Enterprise Value £86.20bn
Revenue £13.47bn
Position in Universe 6th / 3111

Housing Dev Fin Corp - Financial Updates - quarter ended March 31, 2021

RNS Number : 4084U
Housing Development Fin. Corp. Ltd.
03 April 2021

Ref. No. SE/ 2021-22/3


April 3, 2021


BSE Limited                                                               National Stock Exchange of India Ltd.

P. J. Towers,                                                                Exchange Plaza, Plot No. C/1, G Block

Dalal Street,                                                                Bandra-Kurla Complex, Bandra (East)

Mumbai 400 001.                                                        Mumbai 400 051.


Kind Attn:    Sr. General Manager                         Kind Attn: Head - Listing

                      DCS - Listing Department


Dear Sirs,


Sub:    Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015


In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following:


1.   The individual loan business continued to see strong improvements during the quarter ended March 31, 2021.


2.   Loans assigned: During the quarter ended March 31, 2021, pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank, the Corporation assigned loans to HDFC Bank amounting to ₹ 7,503 crore compared to ₹ 5,479 crore in the corresponding quarter of the previous year.


Individual loans sold in the preceding 12 months amounted to ₹ 18,980 crore (Previous Year: ₹ 24,127 crore).


3.   Reference is drawn to the notices to the stock exchanges by the Corporation dated September 4, 2020 and February 2, 2021 regarding 'Grant of Stock Options under Employees Stock Option Scheme 2020' (ESOS-2020).  Under Indian Accounting Standards (IndAS), the employee stock options are required to be fair valued and charged to the Statement of Profit and Loss as a part of employee benefit expenses primarily over the two year vesting period. This would result in a charge to the Statement of Profit and Loss of approximately ₹ 144 crore during the quarter ended March 31, 2021.


4.  Gross income from dividend for the quarter ended March 31, 2021 was ₹ 110 crore (PY: ₹ 2 crore).


5.   During the quarter ended March 31, 2021, there was no sale of investments in subsidiary/associate companies (PY: nil).



Kindly note that the above figures are subject to audit by the statutory auditors of the Corporation.


We request you to bring the above to the notice of all concerned.


Thank you.


Yours faithfully,

For Housing Development Finance Corporation Ltd.



Ajay Agarwal
Company Secretary


CC: London Stock Exchange

10, Paternoster Square, London, EC4M 7LS



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.