HDFC (CMP: Rs 1,516, MCAP: 262,673 crore) reported net profit of Rs 17,770 crore in FY20 as compared to Rs 9,633 crore in FY19 aided by accounting of large fair value gains of Rs 9,020 crore following the merger of its associate Gruh Finance with Bandhan Bank. However, adjusting for exceptional items and one-time transactions (i.e. fair value on gain of amalgamation, profit on sale of investment, dividend and provisioning, other adjustments), net profit would have been Rs 12,540 crore...
Moneycontrol Pro Panorama | It all starts and ends in the bond market
Mar 31, 2023 / 03:20 PM IST
In today’s edition of Moneycontrol Pro Panorama: India's growing gaming market needs better policies, the only solution to the b...Read Now
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