HDB Financial on Wednesday reported a marginal drop of 2% in its net profit at Rs 581 crore in the July-September quarter. It was Rs 591 crore a year ago.
Revenue from operations increased 13% year-on-year (YoY) to Rs 4,545 crore.
The net interest income (NII) recorded an increase of 20% YoY to Rs 2,192 crore for the quarter as against Rs 1,833 crore in the last year period.
The NII was supported by higher yields and efficient funding. Net interest margin (NIM) improved to 7.9%, compared to 7.5% in the same period last year.
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