In 2009, HDFC borrowed about 4,000 cr. in two and three year NCDs, of which they will pay back 2,000 cr. in August 2011. This will need to be rolled over, since the money was used to buy HDFC Bank shares at Rs. 1,520 each. (About 2.36 cr. shares) The investment was a good one [...]

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(Repeated from the MarketVision blog) Going pretty well, this story is. Reasonably revenue growth, nearly 20%. Interest payments went up lesser. This is non-consolidated – last year, their consolidated profits had an EPS of 15% higher (110 cons…

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(Thanks to @Work_ant for mentioning this) HDFC increased its Retail Prime Lending Rate (RPLR) to 15% yesterday – see pic below – , up 75 basis points (0.75%) from December 1. This follows an increase in RPL increase of 0.5% on September 1. (Excu…

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While I’m not a great fan of HDFC, the mortgage originator has shown some promise. The latest results, on the face of it, show a 23% rise in EPS over Q1 FY10. But:   Revenues are stagnant for two years now. Around 2,700 to 2,800 crores, …

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An excellent interview with Deepak Parekh (DNA) What is the trend in real estate development across cities? It’s all going suburban in the bigger cities. I will give you the example of Mumbai. Guess where HDFC’s business is mainly from? It

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HDFC announced results yesterday and produced an Earnings Per Share (EPS) of Rs. 22.65, a 20% growth over Q3 FY09 (Rs. 18.89). Profits were at 671 cr. – which grew 22% but then they issued more shares so EPS grew less than that. If the share price cr…

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HDFC is looking to sell a 4000 cr. non convertible debt issue to institutions. There are two parts – two year debt of 2000 cr. at a yield of 7.15% annualized, and a 2000 cr. issue at a yield of 7.85%.

These are zero coupon debentures – meaning you do…

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