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.
Motilal Oswal Report
Indostar Capital Finance Ltd.’s Q3 FY21 profit after tax was down ~25% QoQ to Rs 242 million.
While operating profit was up 42% QoQ owing to a stronger topline and lower opex, a spike in provisions (Rs 459 million versus Rs 87 million) led to lower profit after tax.
Total disbursements picked up to 75% of YoY levels to Rs 6.6 billion.
Retail lending disbursements also improved to 80% of YoY levels to Rs 4.8 billion, led by housing and small and medium enterprise finance, while vehicle finance disbursements remained tepid.
Collection efficiency improved to 137% in December 2020 from 92% in September 2020.
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