HDFC Q3 Review - Asset Quality Apprehensions Dealt With: Prabhudas Lilladher
A customer exits a Housing Development Finance Corp. (HDFC) bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

HDFC Q3 Review - Asset Quality Apprehensions Dealt With: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Not just supported by other income gains, but also core profitability and controlled asset quality, Q3 FY21 proved to be a healthy quarter for Housing Development Finance Corporation Ltd.

The biggest positive came in the form of improved asset quality on the back of -

1. Gross non-performing asset at 1.9% (versus our estimates of 2.1%),

2. restructured book restricted to 0.9%,

3. collection efficiency for individual home loans climbing to ~98% and

4. consistent high order provision coverage ratio at 49%.

Click on the attachment to read the full report:

Prabhudas Lilladher HDFC Q3FY21 Result Update.pdf

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