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