HDFC Bank Ltd.

NSE: HDFCBANK | BSE: 500180 | ISIN: INE040A01034 | Industry: Banks
| Momentum Trap
1767.8500 -60.35 (-3.30%)
NSE Apr 01, 2025 15:54 PM
Volume: 14.3M
 

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HDFC Bank Ltd.
22 Jul 2018
1767.85
-3.30%

HDFC Bank

JM Financial
HDFCB reported a net profit of INR 46.0bn in 1QFY19 (+18.2% YoY), 2.2% below our estimates. Core PPoP growth was strong at +24% YoY. Profit miss was largely led by softer than expected NII growth (+15.4% YoY). The topline moderated as margins contracted 10bps QoQ led by faster growth in term deposits (+25% YoY), lower yields on investments and higher growth in low yielding corporate and home loan segments. HDFCB's bottomline was also impacted by MTM provisions on the AFS investment book (INR 3.9bn, 4.4% of core PPoP), which was fully recognised in the quarter. Slippage was slightly elevated for the quarter at INR 35.5 bn (2.1% annualised), primarily due to pressure on the agri loan book...
Number of MF schemes increased from 618 to 630 in Dec 2024 qtr.
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