HDFC has reported a YoY rise of 19.59% in standalone net profit to Rs 4,425.50 crore ($593 million) for the March quarter.
Net interest income (NII) for the quarter increased by 16% to Rs 5,321 crore compared to the same quarter last year.
The company announced an interim dividend of Rs 44 per share for FY23.
HDFC's asset under management stood at Rs 7.2 lakh crore as of March 31.
The company noted a transmission lag between the interest rate increase in borrowing costs and asset repricing, impacting NII during the financial year.
HDFC saw significant improvement in asset quality with annualised credit costs for the quarter at 25 basis points.
Individual loan disbursements grew by 16% compared to the previous year.
with growth seen predominantly in the mid-income segment and high-end properties.
During the year, the average size of individual loans stood at Rs 36.2 lakh compared to Rs 33.1 lakh in the previous year.