India Earnings (Finance/Infra expectations) Bellwethers L&T and HDFC beat expectations

HDFC revenues come in at INR 51.75 B a topline jump of just under 30% from the year ago INR 40.77B as theInsurance dividend likely makes the difference and the rerating of India without economic and fiscal downgrade threats can resume in earnest. 

PAT jumped to INR 11.51B at HDFC and NII will still make a bulk of the topline with 4.2% NIMs intact. Costs are up lower than Revenues incl interest costs at INR 35.41 B vs 27B 

Loan Book is INR 1.55 T up 22% over the year plus INR 56.3 B sold to HDFC Bank Retail assets up 31% groing the pace of growth to “the good times”


L&T Order book is INR !.58 Tln over INR 21 B in pipe spilling from Q2 to the December quarter. L&T Revenues reached nearer a $3 Bln topline at INR 132B from hardly $2B or INR 112B Profits (PAT/Net) are up almost 40% on an exceptional addition of INR 2.14 from sale of subsidiary to the bottomline to INR 11.4 B from INR 8 B



3 thoughts on “India Earnings (Finance/Infra expectations) Bellwethers L&T and HDFC beat expectations

  1. Pingback: India Morning Report: No CRR cuts did not cause inflation, what about these 50% growth in topline and bottomline.. « A blog of blogs

  2. Pingback: India Morning Report: Considering the velocity of the move, it is now improbable that the bull run is yet in progress? « A blog of blogs

  3. Pingback: India Morning Report: A Hindi speech for another wannabe and more such stable tenets of Indian realism. « A blog of blogs

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