HDFC Q1 Review - Net Interest Margin Compression Transitory, Expect It To Recover: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Housing Development Finance Corporation Ltd. reported a profit after tax of Rs 36.7 billion in Q1 FY23 (8% miss), up 22% YoY. It reported a net interest margin compression of ~10 basis points YoY and 30 bps QoQ at 3.4%. Credit costs rose ~7 bps QoQ to ~36 bps. Disbursements in the Individual segment grew 66% YoY to ~Rs 420 billion. Individual/total assets under management rose 20%/17% YoY. The management guided at a strong pipeline in non-individual segment, which will translate into healthy AUM growth. With the merger announced, taking a view in isolation is difficult, but we feel that HDFC continues to have a strong ‘Right to Win’ in its standalone mortgage business..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC Q1 Review - Net Interest Margin Compression Transitory, Expect It To Recover: Motilal Oswal

HDFC Q1 Review - Net Interest Margin Compression Transitory, Expect It To Recover: Motilal Oswal

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