HDFC Ltd – Just Getting Worse
HDFC: HDFC reported FY 1Q22 QOQ core result decline of 9.9%. Net new NPLs increased 65.5% annualized basis; HDFC’s reserve needs shoring up INR 83...
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Core operating profit in-line; commentary suggests healthy recovery from second wave impact
HDFC's core PBT grew 12% YoY to INR32.2b (5% beat). NII (ex-assignment income) at INR41.3b was 2% above our estimate. On the other hand, provisions...
130 Views
CarTrade Tech Pre-IPO - Acquisition Adjusted Growth Remains Low
CarTrade Tech aims to raise around US$300m in its India IPO. The company is backed by Warburg and Temasek, and claims to be the most popular auto...
212 Views
HDFC Ltd: Steady Operations; Business to Pick up from Here On
What should investors do? HDFC Ltd's share price has grown ~80% over the past five years. Market leadership, funding advantage and adequate capital...
110 Views
Devyani IPO - Still Some Upside on Un-Adjusted EBITDA Basis
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, aims to raise around US$250m via its Indian IPO. The IPO will be a...
188 Views