ECONOMY

HDFC Q4 Review – Restructured Assets At 0.8%; Asset Quality Stable: 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.

Housing Development Finance Corp.’s asset quality remains stable with gross stage-III assets stood at 2.34% versus 2.28% QoQ (versus 2.28% YoY) better transit over Covid-19 impact.

Also, restructured assets stood at 0.8% (lower than 0.9% Q3 FY21) of assets under management which majorly comprises of one large real estate builder group (0.5% of AUM).

Profit after tax grew by 42% YoY (up 9% QoQ) led by lower expected credit loss provisions (down 44% YoY).

Net interest income grew by 14% YoY led by improvement in margins.

On adjusted basis for FY21, profit before tax grew by 19% YoY.

Click on the attachment to read the full report:

IDBI Capital HDFC Q4Fy21 Result Udpate.pdf

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