BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Housing Development Finance Corporation Ltd.'s core profit before tax grew 21% YoY to Rs 33.5 billion (5% beat), driven by a similar beat on net interest income and higher assignment income recognized during the quarter (almost two times of estimate).
Provisions at Rs 5.9 billion were much higher than our estimate of Rs 4 billion. Individual disbursements grew 26% YoY for Q3, and individual asset under management grew 4% QoQ /10% YoY.
Led by overall buoyancy in the real estate sector, the growth outlook for the Individual segment remains healthy.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
