REG - Housing Dev Fin Corp - Updates for the Quarter ended December 31, 2022

Housing Development FinanceAnnouncement

03/01/2023 13:15

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RNS Number : 5347L  Housing Development Fin. Corp. Ltd.  03 January 2023

Ref. No.: SE/2022-23/267

 

January 3, 2023

 

BSE
Limited
National Stock Exchange of India Limited

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

Dalal
Street
Bandra-Kurla Complex

Mumbai 400
001
Bandra (East), 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Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following: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.   Loans assigned:

 

·    During the quarter ended December 31, 2022, the Corporation assigned
loans amounting to ₹ 8,892 crore compared to ₹ 7,468 crore in the
corresponding quarter of the previous year. All the loans assigned during the
quarter ended December 31, 2022 were to HDFC Bank pursuant to the buyback
option embedded in the home loan arrangement between the Corporation and HDFC
Bank.

 

·    Loans sold in the preceding 12 months amounted to ₹ 35,937 crore
(Previous Year:

₹ 27,591 crore).

 

2.   Gross income from dividend for the quarter ended December 31, 2022 was
₹ 482 crore (PY:

₹ 195 crore).

 

3.   In accordance with Indian Accounting Standards, the Corporation
measures certain listed and unlisted investments at fair value through profit
and loss (FVTPL). Largely owing to volatility in the equity markets, during
the quarter ended December 31, 2022, for investments classified as FVTPL,
there is a debit to the Statement of Profit and Loss of approximately ₹ 80
crore as against a net gain of ₹ 124 crore in the corresponding quarter of
the previous year.

 

4.   During the quarter ended December 31, 2022, the profit on sale of
investments was nil (PY: nil).

 

 

Kindly note that all the figures are subject to limited review 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

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