Centrum Broking: Satin Creditcare Q2 Review - PPoP Beat Led By Other Income, Asset Quality Key
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Centrum Broking: Satin Creditcare Q2 Review - PPoP Beat Led By Other Income, Asset Quality Key

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.

Centrum Broking Report

Satin Creditcare Network Ltd.’s profit after tax was a miss led by higher tax rate but results were better on a pre-provision operating profit level led by higher other income.

Net interest income and net interest margin were in-line though asset under management growth was slightly lower at 5.1% YoY.

Other income was ahead of estimate as assignment income was higher at Rs 439 million.

The company is prioritising collections over disbursements as they have reached 57%/35% of year ago levels respectively.

Click on the attachment to read the full report:

Centrum Broking Satin Creditcare - Q2FY21 Results Update .pdf

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