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
Mahindra and Mahindra Financial Services Ltd. reported a strong earnings beat, led by a sharp improvement in asset quality, translating into lower credit costs.
Write-offs were elevated ~Rs 12 billion/ ~Rs 25 billion in Q4/FY22, suggesting higher repossessions/settlements, instead of an organic improvement through collections.
M&M Financial's management laid down its Vision 2025 which articulated its aspirational goals for assets under management growth, asset quality, net interest margin, cost ratios, and return on asset.
While the growth targets are aggressive (and perhaps less palatable), it will definitely keep pushing the management team to deliver a much improved performance.
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 author entity 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.