Housing Development Finance Corporation Ltd's Q4FY19 standalone net profit rises 35.4% qoq to Rs2,862cr : Beats Estimates

The company’s standalone NII stood at Rs3,183cr, down 0.27% qoq.

May 13, 2019 07:05 IST India Infoline Research Team

Housing Development Finance Corporation Ltd Q4FY19

Standalone Results Q4FY19: (Rs. in cr)

Q4FY19 QoQ (%)
NII 3,183.30 [0.3]
Net Profit (adjusted) 2,861.60 35.4

HDFC Ltd’s revenue grew by 9.5% qoq to Rs11,580cr. Adjusted PAT increased by 35.4% qoq to Rs2,862cr. GNPA stood at 1.18% v.s 1.22% qoq. Adjusted Net profit came above estimates of Rs2,820cr.
  • NIM for the quarter stood at 3.3% vs. 3.5% qoq.
  • Individual GNPA stood at 0.70% vs. 0.68% qoq.
  • Non Individual GNPA stood at 2.34% vs. 2.46% qoq.

Technical View:

Housing Development Finance Corporation Ltd is currently trading at Rs. 1,963, up by 31.85 points or 1.65% from its previous closing of Rs. 1,931.15 on the BSE.
The scrip opened at Rs. 1,930 and has touched a high and low of Rs. 1,975.90 and Rs. 1,920.55 respectively. So far 24,19,027 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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