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
PNB Housing Finance Ltd.’s Q2 FY21 profit after tax declined 15% YoY to Rs 3.1 billion (92% beat).
The beat was driven by higher-than-expected net interest income, lower opex/credit costs.
Interest income grew 9% QoQ, driven by 100 basis point sequential yield improvement, led by Rs 1.05 billion one-time spread income due to lower bank marginal cost of funds based lending rate on the assigned portfolio.
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