HDFC Ltd. (HDFC) reported a 22% beat on PAT, helped by a lower tax rate (20% v/s estimate of 30%). Core PBT (up 11% YoY) was in line with estimate. The company made one-off provisions of INR800m, in line with its policy of 30% of one-off gains, to strengthen the balance sheet. The quarter was also marked by healthy AUM growth (+18% YoY/+4%QoQ),...