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
Shriram Transport Finance Company Ltd.’s Q4 FY21 profit after tax grew 4% QoQ (up 3.6 times YoY on a low base) to Rs 7.5 billion (6% miss).
Reported net interest margins at 6.8% were impacted by excess liquidity on the balance sheet and interest reversals.
The company continues to carry Covid-19 related provisions of Rs 26 billion (versus Rs 9 billion a year ago) – 2.2% of loans.
In FY21, the company’s net interest income/pre-provision operating profit/profit after tax came in largely flat on a YoY basis.
The company reported return on asset of 2% and return on equity of 12% plus.
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