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
Equitas Holdings Ltd. reported Q2 FY21 profit after tax of Rs 1 billion (higher than the estimate), driven by higher net interest income as margins expanded approximately 40 basis points while provisions were lower than expected.
Operating profit growth was robust at 67% YoY supported by lower opex. Asset under management growth came in at 26% YoY while deposit traction was strong at 9% QoQ.
Though collection efficiency for October 2020 improved to 94% (including arrears), billing efficiency stood at 87% with management guiding for lower trends in the micro finance institution book.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR