HDFC Q2 Review - Restructured Assets At 1.4%; Assets Under Management Growth Improved: 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 restructured assets increased to 1.4% (versus 0.9% Q1 FY22) of assets under management which comprises of 63% Individual loans and 37% non-individual loans.
Gross stage-III assets declined to 2.5% versus 2.6% QoQ (versus 2.2% YoY) led by better collection efficiency.
HDFC's overall collection efficiency ratio for individual loans has remained stable at 98% in September 2021.
Profit after tax grew by 32% YoY led by higher other income.
Net interest income grew by 13% YoY led by improvement in margins while pre-provision operating profit grew by 29% YoY.
Disbursements for individual loan segment grew by 44% YoY in Q2 FY22; Oct-21 disbursements highest ever in a non-quarter end month.
Provisions stood at Rs.133.4 billion higher than regulatory requirement (Rs 66.05 billion).
Click on the attachment to read the full report:
This 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.