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
We penned down loss for Mahindra and Mahindra Financial Services Ltd. in our earnings preview expecting sequential stress build-up.
However, a whopping loss of Rs 15.3 billion with sharp spike in the stress pool was outside the realms of expectation.
Multifold rise in stress pool for M&M Financial (versus peers) was sheer disappointment: stage-III at 15.5% (versus 9% q-o-q), stage-II at 19.4% (12.5%) and restructuring at 3.5%.
With revival in economic activity and normalcy setting in, hopes prevail on rollbacks, upgrades and provisioning write-backs.
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