English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    HDFC Q1: Outlier in a troubled sector

    Mortgage lender HDFC remains a key beneficiary of the structural consolidation under way in the housing and real estate financing business

    Neha Dave
    July 31, 2020 / 01:28 PM IST
    HDFC Q1: Outlier in a troubled sector

    Good Host Spaces was initially backed by Goldman Sachs and HDFC Ltd.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    HDFC’s (CMP: Rs 1,811, MCAP: 314,137 crore) net profit declined by 5 percent over a year ago to Rs 3,052 crore in the first quarter of FY21. Its performance was adversely impacted by national lockdowns owing to COVID-19. Also, its net profit is not directly comparable over the year ago figure due to one-time transactions and exceptional items. Assets under management (AUM) of non-banking finance companies (NBFCs) are expected to de-grow for the first time in nearly two decades in...

    • PRO Panorama

      Moneycontrol Pro Panorama | Banking crisis in US and Europe holds valuable lessons

      Mar 21, 2023 / 03:03 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Electricity usage likely to scale up this summer, US Fed needs to patch up infl...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Between the Fed and a hard place

      Mar 11, 2023 / 11:38 AM IST

      The Fed is caught between combating inflation and worries over a financial mishap

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers