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This is an entirely free service. No payments are to be made.HDFC declared its results for the third quarter (3QFY18). The institution has reported 13.7% YoY growth in net interest income while net profits surged by 233% YoY during 3QFY18. Here is our analysis of the results.
(Rs m) | 3QFY17 | 3QFY18 | Change | 9mFY17 | 9mFY18 | Change |
---|---|---|---|---|---|---|
Interest Income | 78,610 | 84,750 | 7.8% | 227,600 | 246,490 | 8.3% |
Interest Expense | 52,860 | 55,460 | 4.9% | 156,580 | 165,240 | 5.5% |
Net Interest Income | 25,750 | 29,290 | 13.7% | 71,020 | 81,250 | 14.4% |
Net interest margins | ||||||
Other Income | 3,850 | 3,720 | -3.4% | 13,030 | 13,620 | 4.5% |
Other Expense | 3,150 | 4,080 | 29.5% | 10,180 | 12,150 | 19.4% |
Profit on the sale of investments | 30 | 52,670 | 9,530 | 53,340 | 459.7% | |
Provisions and contingencies | 1,170 | 16,700 | 1327.4% | 5,520 | 18,500 | 235.1% |
Profit before tax | 25,310 | 64,900 | 156.4% | 77,880 | 117,560 | 51.0% |
Tax | 7,220 | 6,980 | -3.3% | 20,890 | 20,940 | 0.2% |
Effective tax rate | 28.5% | 10.8% | 26.8% | 17.8% | ||
Deferred Tax Liability | 1,080.0 | 1,220.0 | 3010.00 | 3,350.0 | ||
Profit after tax/ (loss) | 17,010 | 56,700 | 233.3% | 53,980 | 93,270 | 72.8% |
Net profit margin (%) | 21.6% | 66.9% | 23.7% | 37.8% | ||
No. of shares (m) | 1597.6 | |||||
Book value per share (Rs)* | 290.7 | |||||
P/BV (x) | 6.1 |
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