IDFC Research: Q2 Earnings, Markets And Perspectives - December 2020
A stockbroker holds a calculator as he monitors stock price information on his computer screen. (Photographer Matthew Lloyd/Bloomberg)

IDFC Research: Q2 Earnings, Markets And Perspectives - December 2020

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.

IDFC Research Report

Q2 FY21 was one of the best quarters in the last many years in terms of ratio of positive to negative surprises on earnings, though earnings estimates were significantly lowered after the last two quarters.

Ex-financials, sales saw de-growth of 7%, slightly above estimates. Margins beat even most optimistic estimates with Ebitda growing 12%.

Including financials, profit before tax grew 20% and profit after tax grew 21%. PAT YoY is not exactly comparable as base had many one-offs due to the changes in tax rate in the base quarter.

Click on the attachment to read the full report:

IDFC Q2FY21 Earnings Dec-20.pdf

DISCLAIMER

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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.