BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Aditya Birla Capital Ltd.’s earnings trajectory in Q2 FY22 improves visibility of superior and quality earnings trajectory led by its strategy of granularisation, retailisation and diversification within business segments.
Consolidated profit after tax of Rs 3.77 billion in Q2 FY22 (up 43%YoY) driven by superior net interest margin profile, normalised credit cost and stable ‘cost to income’, makes it confident to guide for more than Rs 15 billion of profit after tax in FY22.
Scale-up of retail plus small and medium enterprise mix (in non banking financial companies), affordable housing mix and optimised borrowing cost suggest Aditya Birla Capital is on track to achieve its FY24 targets a year earlier.
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