Shriram Transport Finance Q4 Review - Strong Set Of Earnings: 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.Shriram Transport Finance Company Ltd. reported strong set of earnings in Q4 FY22 (profit after tax up 59.6% QoQ/43.9% YoY). Lower provisions and strong net interest income growth led to beat in earnings. Good loan traction (2.0% QoQ/8.4%YoY) led by used commercial vehicles (up 2.8%QoQ/13.0%YoY) now forming 93% of overall loans up from 92% in Q3 FY22 translated into better net interest income (up 11.5%QoQ/19.3%YoY). Gross non-performing asset/stage-III at 7.07% dropped by 133 basis points QoQ, given improvement in collection efficiency and write-offs (Rs 7.9 billion). We believe Shriram Transport Finance can target strong growth in the coming quarters, with improvement in asset quality. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Shriram Transport Finance Q4 Review - Strong Set Of Earnings: Prabhudas Lilladher

Shriram Transport Finance Q4 Review - Strong Set Of Earnings: Prabhudas Lilladher

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