1. Opening Hook
While everyone else was lighting diyas, HDB Financial was busy balancing its loan book like a seasoned Diwali juggler — one hand on CV stress, another on rising NIMs, and a third (yes, they’ve grown one) waving off credit cost concerns. India’s economy is “resilient,” said management — translation: our customers are still paying EMIs despite monsoons and madness. 🌧️💸
Stay tuned, because between CV idling, festive lending, and cautious optimism, this call had all the drama of a small-town NBFC soap opera.
2. At a Glance
- Loan Book ₹1.11 lakh crore (+13% YoY) – Growth slower than chai queues post-GST cut.
- NIM at 7.9% (vs 7.7% QoQ) – CFO finally smiled.
- PAT ₹581 crore (+2% QoQ) – Steady, not spicy.
- Credit Cost ₹748 crore (up from ₹670 crore) – Monsoon made it rain… defaults.
- Gross Stage 3 at 2.81% (vs 2.56%) – Vehicles took a nap in the floods.
- ROA 1.93%, ROE 12.2% – Respectable, if not rockstar.
- CRAR 21.8% – Capital buffer thicker than Diwali sweets.
3. Management’s Key Commentary
“India remains resilient despite geopolitical uncertainties.”
(Translation: Everyone’s broke, but still paying us back… mostly.)
“CV segment faced challenges due to monsoon idling.”
(Translation: Our trucks did yoga instead of working.)
“Consumer finance saw deferment of demand due to GST rationalization.”
(Translation: People waited for cheaper fridges, not fewer loans.)
“Credit cost at 2.7% is elevated but will normalize.”
(Translation: Please, let it rain repayments, not rainwater.)
“Gold loans saw 40% YoY growth.”
(Translation: Inflation’s pain is
