External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Indian Banks Screener FYE24, Part 1: We like Quality Name HDFC Bank, Baroda Is the Value Pick

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onHDFC Bank HDFCB saw the best ever quarter after announcement of the merger as (1) deposit accretion was strong while loan growth was controlled, improving LDR (2) NIM slightly enhanced QoQ to 3.63% despite of a sharp fall in LDR QoQ indicating a preference towards pricing over growth and (3) balance sheet was further fortified by creation of floating provisions.</li><li>Adjusting for one-time ex-gratia of Rs15bn, core PPoP beat PLe by 3.7% led by better fee income and controlled opex.</li><li>Credila stake sale gains of Rs73.4bn and tax write-back of Rs38.2bn were utilized to create floating provisions of Rs109bn.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onHDFC Bank HDFCB saw the best ever quarter after announcement of the merger as (1) deposit accretion was strong while loan growth was controlled, improving LDR (2) NIM slightly enhanced QoQ to 3.63% despite of a sharp fall in LDR QoQ indicating a preference towards pricing over growth and (3) balance sheet was further fortified by creation of floating provisions.Adjusting for one-time ex-gratia of Rs15bn, core PPoP beat PLe by 3.7% led by better fee income and controlled opex.Credila stake sale gains of Rs73.4bn and tax write-back of Rs38.2bn were utilized to create floating provisions of Rs109bn.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HDFC Bank (HDFCB IN) - Best Ever Quarter Post Merger Announcement

HDFC Limited

HDFC Bank (HDFCB IN) - Best Ever Quarter Post Merger Announcement