Oswal Motilal Research Report on HDFC Bank HDFCB reports an online quarter, with the growth of NII / PPOP 13% / 10.5% YoY. Pat grew 18% YoY to INR103.4B (in line). Profitability stands stronger even though the bank creates an additional provision of INR9B, takes a total buffer to ~ INR86.4B (~ 70bp loan). The […]
Buy Mahindra and Mahindra Financial; target of Rs 175: Motilal Oswal
Oswal Motilal Research Report on Mahindra and Mahindra Financial MMFS reports a net loss of INR15.3B V / s estimates of our pat from + INR2.9B. While operating profit fell 28% YoY to INR7.5B (31% MISS), higher credit costs than INR28.2B (EST. INR7B) drive Pat Miss. High credit costs are a function of advanced currents […]