The mortgage lender’s net interest margin for the quarter dipped to 2 per cent as against 2.20 per cent in the June quarter, reflecting a fall in lending rates.
Profit before tax fell 69 per cent at Rs 309 crore over Rs 1009 crore.
The company’s total income for the quarter was lower at Rs 4715 crore as compared with Rs 4982 crore during the same period last year. The net interest income was Rs 1173 crore as against Rs 1238 crore.
However, the rise in loan disbursement after the second wave raised expectations of better numbers next quarter.
Its total loan portfolio stood at Rs 2.38 lakh crore at the end of September 30, registering an 11 per cent year-on-year growth. During the quarter, total disbursements grew 29 per cent at Rs 16110 crore as against Rs 12443 crore in step with the gradual lifting of restrictions.
Retail home loan disbursements grew 38 per cent to Rs 14330 crore as against Rs 10373 crore.
