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 gross stage-III assets increased to 2.6% versus 2.34% QoQ (versus 2.2% YoY) better than its peer.
Restructured assets stood at 0.9% (versus 0.8% FY21) of assets under management which majorly comprises of one large real estate builder group (62% of restructured).
The overall collection efficiency ratio for individual loans has improved during the June month to pre-Covid-19 levels and stood at 98.3% versus 98% in March 2021.
HDFC's profit after tax declined by 2% YoY (down 6% QoQ) led by higher tax bracket due to tax on capital gains on sale of equity was lower (23% versus 15% YoY).
Net interest income grew by 22% YoY led by improvement in margins.
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