Commercial Vehicle Financiers Poised For Earnings Upgrade: Prabhudas Lilladher
Car models are displayed in the showroom. (Photographer Dario Pignatelli/Bloomberg).

Commercial Vehicle Financiers Poised For Earnings Upgrade: Prabhudas Lilladher

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

Our channel checks indicate that commercial vehicle finance business is expected to accelerate on the back of healthy demand conditions, anticipated improvement in supply chain and resilient balance sheets of financiers.

They suggest -

1. disbursements stand 80% of last year levels; Emergency Credit Line Guarantee Scheme provides some boost

2. regulatory dispensations (restructuring/ ECLGS) mask true asset quality picture, but commercial vehicle financiers’ balance sheets remain resilient

3. new business asset quality intact, stress in seasoned book should not last more than two quarters and

4. rural sentiment to lead the recovery.

Click on the attachment to read the full report:

Prabhudas Lilladher Financial Services Sector Update.pdf

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