HDFC has beat consensus and our estimates by 5%: Rahul Malani
HDFC results show that its growth has been somewhat moderated over the last quarter, while the outlook commentary will be essential. The interest rate cycle may also have reached its peak, which could act as a tailwind, with partial headwinds and tailwinds going forward. Despite marginally higher provisions costs, net interest income and the company’s core operating profitability have outperformed consensus and estimates
