HDFC: Competitive pressure... - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HDFC: Competitive pressure...

May 7, 2004

HDFC, the largest housing finance company in the country, has announced its FY04 results, reporting amarginal 3% YoY growth in the topline while its bottomline has grown by 23% YoY. Also, an improvement in net interest income (due to fall in interest expenses) has helped the financial institution (FI) improve its operating margins by 480 basis points.

(Rs m) FY03 FY04 Change
Income from operations 29,673 30,688 3.4%
Other income 83 91 9.4%
Interest expenses 19,698 18,736 -4.9%
Net interest income 9,975 11,952 19.8%
Other expenses 1,458 1,663 14.1%
Operating profit 8,517 10,289 20.8%
Operating profit margin (%) 28.7% 33.5%  
Provisions for contingencies 90 110 22.2%
Profit before tax 8,510 10,270 20.7%
Tax 1,607 1,752 9.0%
Profit after tax/(loss) 6,903 8,518 23.4%
Net profit margin (%) 23.3% 27.8%  
No. of shares (m) 244.4 246.6  
Diluted earnings per share (Rs)* 28.0 34.5  
P/E ratio   18.5  
*(annualised)      

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

HDFC SHARE PRICE


Apr 9, 2021 (Close)

TRACK HDFC

COMPARE HDFC WITH

MARKET STATS