HDFC Q4 Review - AUM Growth Improved; Restructured Assets At 0.8% Versus 1.2%: IDBI Capital

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..IDBI Capital Report.Housing Development Finance Corporation Ltd.’s asset quality improved as gross stage-III assets stood at 2.3% versus 2.7% QoQ led by individual portfolio. Also, restructured assets declined to 0.8% (versus 1.2% Q2 FY22) of assets under management led by recovery in single corporate account.Disbursements for individual loan segment grew by 37% YoY in FY22; March 2022 disbursements highest ever in a month. AUM growth improved to 15% YoY (12% YoY Q3 FY22) supported by non-individual portfolio. HDFC's profit after tax grew by 16% YoY led by lower provisions (down 44% YoY). Net interest income grew by 14% YoY; net interest margins remain stable YoY at 3.5% while pre-provision operating profit grew by 8% YoY..Click on the attachment to read the full report:.DISCLAIMERThis 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.

HDFC Q4 Review - AUM Growth Improved; Restructured Assets At 0.8% Versus 1.2%: IDBI Capital

HDFC Q4 Review - AUM Growth Improved; Restructured Assets At 0.8% Versus 1.2%: IDBI Capital

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