Housing Development Finance Corporation Limited offers housing financing to both private persons and businesses in India. It operates in the segments of Loans, Asset Management, Life Insurance, General Insurance, and Others.

 The company offers trust deposits as well as fixed deposits such trust deposits and yearly income plans, annual income plans, non-cumulative interest plans, and monthly income plans. It offers loans for home purchase and construction, home renovation and extension, plot, and top-up loans, loans to dairy farmers, planters, horticulturists, and farmers, loans for salaried/self-employed people, loans for non-resident Indians, loans against property, loans for commercial property and plots, as well as loans for education.

Strong growth in home sales and new construction was still being seen in the residential real estate industry. Inventory levels have dropped overall. There is a high demand for home loans for a number of reasons, including low interest rates, rising income levels, stable property values, greater affordability, and sustained support of tax benefits for home loans.

They now have the know-how and digitalization technologies necessary to give a two-minute in-principle home loan approval. They also acknowledge that many people still want guidance and support when they shop for a home. Every client's experience is unique. Although buying a home is likely the single largest purchase a person makes in their lifetime, all home buyers are similar.

Building a customer-centric organisation has been rewarding every day, every year, and every ten years. They firmly feel that their 45 years of experience in Indian housing finance are unmatched. They stand out in particular because of their tried-and-true, cost-effective operational approach.

FINANCIAL INFORMATION

Source: Company financial Report

Results for the second quarter and six months ended September 30, 2022, were released by Housing Development Finance Corporation Limited. The company's net income for the second quarter was INR 65,534.8 million, up from INR 52,580.1 million in the same period last year. Basic earnings per share from continuing operations increased from INR 29.11 to INR 36.06 in the last year. In comparison to INR 28.8 a year ago, diluted earnings per share from continuing operations were INR 35.9. Net income for the six months increased from INR 102,991.8 million to INR 118,620.8 million. In comparison to INR 57.04 a year ago, basic earnings per share from continuing activities were INR 65.32. Comparatively to INR 56.44 a year ago, diluted earnings per share from continuing operations were INR 64.99. 

Source: Company financial Report

SHAREHOLDING PATTERN

Source: Company financial Report

SHAREHOLDING COMPARE (% Holding)

Source: Company financial Report

COMPARE VALUATIONS WITH PEERS

Source: Company financial Report

LOAN SOURCING FROM DIFFERENT SEGMENTS

Source: Company financial Report

During the year, the Corporation and India Post Payment Bank entered into a referral agreement for retail housing loans (IPPB). Through its 650 locations and extensive network of 1.55 million post offices, IPPB will promote mortgage lending,and give the Corporation leads for potential consumers.

Given that it has more than 4.7 crore consumers, IPPB is crucial from a strategic standpoint for the Corporation. The corporation will have easier access to tier 3 and home loans for clients in these regions will be made easier and faster in tier 4 markets.

The goal of the corporation's digitalization strategy is to transform the customer experience throughout the customer's lifecycle. The company has implemented the "DASH" philosophy, which stands for "Digital first, Agile techniques, Seamless architecture, and HDFC for you," a platform to track results and input metrics.

Nearly 91% of all new loan applications throughout the year were received online. The Corporation has also tested a fully digitally equipped product where loans are automatically granted and all checks and controls are completely driven by the system.