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.
Centrum Broking Report
Satin Creditcare Network Ltd.’s profit after tax was a miss led by higher tax rate but results were better on a pre-provision operating profit level led by higher other income.
Net interest income and net interest margin were in-line though asset under management growth was slightly lower at 5.1% YoY.
Other income was ahead of estimate as assignment income was higher at Rs 439 million.
The company is prioritising collections over disbursements as they have reached 57%/35% of year ago levels respectively.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.