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.
IDBI Capital Report
Housing Development Finance Corporation Ltd.'s assets under management growth declined further to 11% YoY (13% YoY Q3 FY23) led by non-individual portfolio.
HDFC's asset quality improved as gross stage-III assets stood at 1.44% versus 1.8% QoQ led by non-individual portfolio. Restructured assets declined to 0.6% versus 0.7% of AUM.
Disbursements for individual loan segment grew by 16% YoY in FY23. Net interest margins improved QoQ due to impact of rate hike; management guided for 3.3–3.5%.
Profit after tax grew by 20% YoY led by higher operating profits (up 16% YoY). Net interest income grew by 16% YoY due to improvement in NIMs to 3.6% (up 10 basis points YoY).
Provisions stood at Rs 121.45 billion higher than regulatory requirement.
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.