HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an aspirational India, serving both individual & business clients. Incorporated in 2007, HDBFS is a well-established business with strong capitalization. HDBFS is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution. Their lines of business include – Lending and BPO Services.
The Company issues various instruments including Term Loans, Line of Credits, Non-Convertible Debentures, External Commercial Borrowings and other market instruments. The Company has a diversified mix of investors which includes Banks, Mutual Funds, Insurance companies, Foreign Institutional Investors, Corporates, Provident Funds etc.
Lending: They offer a wide range of secured and unsecured loans to our customers. Also provide a one-stop-shop for all requirements, be it loans, investments or protection. They have quickly grown to have more than 1300 Branches spread across 24 States & 3 Union Territories.
BPO services division delivers back office services such as forms processing, documents verification, finance and accounting services and correspondence management. They also deliver front office services such as contact center management, outbound marketing and collection services. HDB Financial Services Limited is a subsidiary company of HDFC Bank.
For NBFC’s fiscal 2023 is expected to see a gradual and sustained improvement in new business. Some sectors which have been laggards in revenue recovery in fiscal 2022 as compared to fiscal 2019 (pre-covid) are expected to show a gradual uptick such as airline services, hotel services, commercial vehicles and two-wheelers. Asset quality may pose challenges for some NBFC’s in the first half of fiscal 2023, determined by the behavior of their restructured book.
For any financial firm it is important to focus on their liquidity & mitigating the threat arises from it. HDBFS managed to do so by maintaining their average LCR (Liquidity Coverage Ratio) for the quarter ended 31st Dec, 2022 - 262.47% as against 194.05% for the quarter ended 30th Sept, 2022 which is well above present prescribed minimum requirement of 70%.
The average HQLA (High Quality Liquid Asset) that can be En-cashed easily for the quarter ended 31st December, 2022 was 2074.80 crore as against 1074.37 crore for the quarter ended 30th September, 2022. During the same period the composition of Government securities in the HQLA was 88.10% for the quarter ended 31st Dec, 2022 as against 81.15% for the quarter ended 30th Sept, 2022 HDBFS has posted total income and net profit of INR 11,306.29 crore and INR 1,011.40 crore, respectively, for the financial year ended March 31, 2022, as against INR 10,944.78 crore and INR 391.47 crore respectively, in the previous financial year.
| Particulars | 2021-22 | 2020-21 | 2020-19 | 2018-19 |
| Total Revenue | 11306.29 | 10944.78 | 10756.47 | 8724.81 |
| PBT | 1347.56 | 500.71 | 1464.48 | 1724.06 |
| PAT | 1011.4 | 391.47 | 1004.85 | 1153.24 |
| AUM | 61444 | 61561 | 58833 | 55245 |
| Shareholder’s Fund | 9539.73 | 8446.24 | 8017.8 | 7178.48 |
| Borrowings | 48973.08 | 50358.75 | 49804.05 | 45105.1 |
| EPS | 12.81 | 4.97 | 12.78 | 14.71 |
| Book value per share | 120.69 | 107.02 | 101.8 | 91.36 |
Face Value is INR 10 per share.
| Name of the Shareholder | No. of Equity Share held | Percentage (%) |
| HDFC Bank Ltd | 75,05,96,670 | 94.96 |
| Others | 3,98,43,361 | 5.04 |
| Total (Issued & Paid-up Shares) | 79,04,40,031 | 100 |
Mr. Arijit Basu - Chairman and Non-Executive Director
Mr. G Ramesh - Managing Director & Chief Executive Officer
Mr. Jaykumar Shah – Chief Financial Officer
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