Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

HDFCBANK Q2 Through the Roof, 30% EPS Growth

19 Oct 2011Deepak Shenoy1 min read

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What is "HDFCBANK Q2 Through the Roof, 30% EPS Growth" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 19 October 2011.
How long does this article take to read?: 1 min read
What topics does this article cover?: Sep2011

In another magnificent display HDFC Bank takes its EPS up 30% in what others would call a tough environment.

The stock was up 3% on a very smart rally in the markets, and ended at Rs. 492, for a P/E of around 26.

Net NPAs are just 0.2% of assets, they say, at Rs. 355 cr. And their Capital Adequacy is at 16.5%, a decent number. Most profits (957 cr.) came in from retail banking (lending plus fees minus deposit costs, plus any credit card numbers I guess) Wholesale banking adding 670 cr. and treasury pitched in with 39 cr. (though higher than the 18 cr. last quarter and a loss of 52 cr. last year).

There’s not much about losses from loans out there; so interest rate increases are getting passed on (I suppose). There are no relevant subsidiaries (HDFC Mutual fund and Insurance are owned by HDFC Bank’s parent, HDFC Limited). Will add more to this post after them interviews.