BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Housing Development Finance Corporation Ltd. reported a profit after tax of Rs 44.5 billion in Q2 FY23 (5% beat), up 18% YoY, primarily driven by a lower effective tax rate of ~18% (because of higher dividend income).
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Core pre-provision operating profit grew 15% YoY to Rs 43.8 billion.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Margin was stable QoQ at 3.4% in H1 FY23. Credit costs fell by ~4 basis points QoQ to ~32 bps, aided by a decline of ~20 bps in gross stage-III and resolutions in the non Individual segment.
HDFC's disbursements in the Individual segment grew 36% YoY to Rs 440 billion. individual/total assets under management rose 20%/16% YoY, with individual loans comprising ~81% of AUM.
The management said it has a healthy pipeline in construction finance and lease rental discounting, and expects growth in the non Individual segment to accelerate in subsequent quarters.
With the merger announced, taking a view in isolation is difficult. However, we feel that HDFC continues to have a strong ‘right to win' in its standalone mortgage business.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
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.
