IDBI Capital: HDFC Q2 Review - 96.3% Collections Efficiency In Individual Segment
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IDBI Capital Report
Housing Development Finance Corporation Ltd.’s profit after tax declined by 28% YoY; however adjusted for dividend, sale of investments, net gains on assigned loans, provisioning and higher liquidity impact, profit before tax grew by 27% YoY.
Asset quality remains stable with stage-three assets at 2.2% versus 2.2% QoQ.
Collection efficiency for individual loans for September month stood at 96.3% while for non-moratorium customers stood at 99.5% is a key positive.
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