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.
Systematix Research Report
Shriram Transport Finance Company Ltd. reported a profit of Rs 1.7 billion in Q1 FY22 due to higher provisions.
With a good harvest and normalising Covid-19 situation, provision write-backs are likely in H2 FY22E.
Shriram Transport Finance’s stage-III provision is at 44.2%, which seems prudent.
Its liquidity buffer is at 13% of total assets, which can cater for next five to six months repayments.
Disbursements and collections are bouncing back to pre-Covid-19 levels.
We remain sanguine about a disbursement run-rate of Rs 120 billion in FY22E and normalisation of credit costs in FY23E.
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.