HDB Financial Q1 Results: Profit jumps 38% YoY to Rs 785 crore, NII up 20%

HDB Financial reported a 38 percent year-on-year jump in Q1 profit to Rs 785 crore, driven by a 20 percent rise in net interest income to Rs 2,509 crore. Net total income grew 17 percent to Rs 3,185 crore, while pre-provisioning operating profit rose 25 percent to Rs 1,752 crore and profit before tax climbed 44 percent to Rs 1,055 crore. Assets under management stood at Rs 1.22 lakh crore, up 11 percent from a year earlier.