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 remain stable with gross stage three assets stood at 2.28% versus 2.19% QoQ; better than estimated.
Also, restructured assets stood at 0.9% of asset under management which majorly comprises of one large real estate builder group (0.5% of AUM).
Profit after tax declined by 65%YoY; however adjusted for dividend, fair gain (merger of Gruh Finance Ltd. with Bandhan Bank Ltd.), net gains on assigned loans, provisioning and employee stock option, profit before tax grew by 27% YoY.
Collection efficiency for individual loans for December month stood at 97.6% versus 96.3% for September month.
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