Strong show on margins, earnings is expected from the company.
Steady performance likely on the cards.
The GoI-backed company has registered a rise in net profit both sequentially and in YoY terms.
Order values are categorized as significant, large, major and mega
Flattish sales volumes likely during the quarter.
However, the net NPA ratio grew to 0.60% in the second quarter, up from 0.55% in the June 2023 period.
Revenue reached a record high of Rs 6,880.20 crore, up 9% from the Rs 6,305.70 crore earned in the same period last year.
Disbursements during Q2 grew by a substantial 13 % year-on-year, reaching Rs 13,315 crore
The net premium income for the second quarter of the year was Rs 20,050 crore, a 22% YoY increase. In the same quarter of the prior year, it was Rs 16,477 crore.
Analysts of IIFL Capital Services expect HDFC Bank to ace the ‘Race for Deposits’, followed by SBI, ICICI and Axis.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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