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.
Prabhudas Lilladher Report
Defying pandemic challenges and pertinent competition in gold loan market, Muthoot Finance Ltd. recorded robust loan and decent asset quality performance.
Notably, despite underlying asset price fluctuations and tepid customer accretion (30% plus QoQ decline in fresh loans from new customers) led by second wave challenges, Muthoot Finance clocked 29%YoY loan growth and maintained sequential steady traction in tonnage movement.
Asset quality marginally deteriorated (Stage-III: 1.2% versus 0.9%: Q4 FY21) with company tripling provisions QoQ largely to tackle subsidiaries book.
Auction at Rs 370 million (less than 0.1% of gold loans) stands as one of the lowest run-rate.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR