InvestorQ : How do you see the latest HDFC quarterly results for the Mar-20 quarter?
Chandralekha Desai made post

How do you see the latest HDFC quarterly results for the Mar-20 quarter?

Answer
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Mitali Bhutta answered.
4 months ago


HDFC reported 22% lower net profits of Rs.2233 crore for the Mar-20 quarter. Its total revenues were marginally higher at Rs.11,976 crore. The all important net interest income (NII) was 13.5% higher in the Mar-20 quarter at Rs.3564 crore. The net interest margin in the four quarter was 10 bps higher at 3.4%. HDFC’s provisions for the quarter (including COVID provisions) were more than 3 times higher at Rs.1274 crore. The Coronavirus and the resultant shutdown has resulted in large scale disruption of real estate projects and most are running behind schedule. Also, the consumer confidence is awfully low at this point of time and that would mean that HDFC performance could remain under pressure.