iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Valuation of HDB Financial Services halves in the year gone by

4 Jul 2022 , 10:55 AM

In the previous year, HDB Financial Services’ (HDB) market value decreased by 50%, amid weak financial performance. Even while shares of competitors like Bajaj Finance have rebounded from their pandemic lows, shares of HDB are currently trading at roughly Rs625 per share in the private unlisted market, down from Rs1,200 at the pre-pandemic level.

A wholly-owned subsidiary of HDFC Bank, HDB Financial Services is owned by the latter to the tune of 95% of the business. Individuals, start-up companies, and small businesses can choose from a variety of loans and asset finance options from HDB.

Adding to the negative pressure on HDB is the uncertainty surrounding stake sales and future IPOs. As it considers merging with parent HDFC, HDFC Bank is looking for more regulatory clarification over keeping its investment in HDB.

During the March 2022 quarter, HDB registered net revenue of Rs2,141 crore as against Rs1,985 crore in the year-ago quarter, a growth of 7.9%. Profit after tax stood at Rs427 crore versus Rs5112 crore in the March 2021 quarter.

Related Tags

  • HDBFinancial
  • HDBFinancialMarketShare
  • HDBFinancialNews
  • HDBFinancialUpdates
  • HDFCBank
  • HDFCBankSubsidiary
  • HDFCMerger
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.