HDFC Securities: Shriram Transport  - Asset Quality Concerns Remain 
The portrait of Mahatma Gandhi is displayed on an Indian rupee note. (Photographer: Brent Lewin/Bloomberg)  

HDFC Securities: Shriram Transport - Asset Quality Concerns Remain 

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.

HDFC Securities Report

Shriram Transport Finance Company Ltd.’s Q2 earnings were ahead of estimates on account of lower-than- expected provisions.

The company witnessed a significant and sustained improvement in monthly collection efficiency (reaching approximately 95% in September).

Despite this, we remain cautious on the company’s asset quality and continue to build in a significant rise in gross non-performing assets in FY21E.

Click on the attachment to read the full report:

HDFC Securities Shriram Transport Finance Q2FY21 Results Review.pdf


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