HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 932578.58 Crore).
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 41436.36 Crore, up 6.43 % from last quarter Total Income of Rs 38933.63 Crore and up 7.80 % from last year same quarter Total Income of Rs 38438.47 Crore. The bank reported net profit after tax of Rs 9096.19 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY with a revised target price of Rs1,955 (earlier: Rs1,818) assigning 4.0x FY23E book. Key risks: i) adverse behaviour of elevated restructured pool; ii) continued investments, which will keep opex high.
Promoter/FII Holdings
Promoters held 25.89 per cent stake in the company as of 30-Jun-2021, while FIIs owned 43.36 per cent, DIIs 17.49 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
