Moneycontrol PRO

HDFC Q3: Healthy loan growth, but stressed assets inch up

Diversified businesses make HDFC a relatively less risky bet

February 03, 2021 / 12:05 PM IST
HDFC Q3: Healthy loan growth, but stressed assets inch up

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 (CMP: Rs 2,657, MCAP: 478,428 crore)  reported a net profit of Rs 2,926 crore in  the third quarter of FY21 compared to Rs 8,372 crore in corresponding period last year, a decline of 65 percent YoY. However, its net profit is not directly comparable with the previous year figure due to one-time transactions and exceptional items.  In the year ago quarter, the company had recorded a fair value gain of Rs 9,020 due to the merger of its...

  • PRO Panorama

    Moneycontrol Pro Panorama | Who's afraid of the Fed's taper?

    Sep 23, 2021 / 05:03 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Zee’s screen test, Chart of the Day, the road to taper and lift-off, Evergrande and bad loans, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Perfect storm over China

    Sep 18, 2021 / 10:34 AM IST

    From the Evergrande debt crisis to a slowing growth rate to the crackdown on technology companies to the growing confrontation with the West, the cup of woes is spilling over for China

    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

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.

Get upto 50% discount on limited period offers