HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 848691.94 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 40909.49 Crore, up 2.69 % from last quarter Total Income of Rs 39838.73 Crore and up 6.85 % from last year same quarter Total Income of Rs 38287.17 Crore. The bank reported net profit after tax of Rs 8433.78 Crore in latest quarter.
Investment Rationale
- Business growth witnessed moderation
- Margins broadly stable at ~4.2%
- Watchful of asset quality in agri/unsecured book; slippages due to second wave – key monitorable
- Commentary around credit cards and fee income traction– key monitorable
Promoter/FII Holdings
Promoters held 26 per cent stake in the company as of March 31, 2021, while FIIs held 40.1 per cent, DIIs 20.7 per cent and public and others 13.2 per cent.
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