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
Shriram Transport Finance Company Ltd.'s Q1 FY22 earnings were marred by doubling of sequential provisions (credit costs spiked 238 basis points QoQ to 4.9%) as select segments (tourism, school buses, passenger vehicles led transport) faced second wave challenges.
Stage-II spiked 260 bps to 14.5%, stage-III by 112 bps to 8.18% as lesser number of customers opted for restructuring (1% of book).
Shriram Transport Finance's disbursements (Rs 127 billion) stood healthy at YoY levels as a result of strong existing proposals pipe-line.
Going forward, re-rating from current levels would be an outcome of ultimate credit loss which will be function of performance of perceivable stress pool which is currently at 23% (stage I+II).
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.