HSIE Results Daily: DLF, TVS Motor, Ashok Leyland, PNB Housing Finance
The total project size is expected to be around 3.5msf with DLF executing the first phase with a saleable area of 0.9msf and GDV of around INR 20bn+
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Housing Finance: New market structures open up investment universe
India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving...
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PNB Housing Finance - Steadily Approaching a New Normal
PNBHF’s Q2FY24 results reflected the management’s execution of a turnaround in asset quality and increasing portfolio granularity to drive...
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PNB Housing Finance - Still Weak; Recovery Depends on Capital Raise
PNB Housing Finance (PNBHF) reported another weak quarter with loan book declining by 1.9% QoQ due to corporate asset sell-downs.
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Consolidation mode still far from over
NII fell 19% YoY and 11% QoQ to INR4.15b (20% below expectation). Provisions at INR1.3b were below our estimate of INR2.4b. Disbursements declined...
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