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
L&T Finance Holdings Ltd. reported Q2 FY21 profit after tax of Rs 2.5 billion (down 62% YoY). pro-provision operating profit increased 16% QoQ to Rs 11.6 billion, resulting in 9% beat (down 13% YoY).
However, as the company chose to further build up its provision buffer, total credit costs came in at Rs 8.4 billion, 11% higher than our estimates.
We expect the company to continue to build up provisions for the next two-three quarters, taking its standard asset provisions to 2.5–3% of loans.
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