DCB Bank Ltd. - On Track to Deliver 1% RoA; Maintain BUY!
DCB Bank Ltd. (DCB) reported strong advances growth of 18/4% YoY/QoQ, driven by continued growth in the Mortgage and AIB segment
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HSIE Results Daily: Britannia Industries, ABB India, Marico, Bharat Forge, DCB Bank
Britannia Industries: Britannia’s Q4FY23 net revenue grew by 11% YoY vs our expectation of 14%. Volume growth was c.3% (four-year CAGR at 4%)
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Leveraged Financials: ‘Pause and Effect’ - interesting trade-offs ahead
As banks and NBFCs navigate the growth-margin trade-off, we argue that the combination of lower growth and lower spreads is not priced into valuations
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Bfsi Q4fy23 Result Preview – yet Another Strong Quarter!
We expect the banks under our coverage to mirror the strong systemic credit growth, thereby delivering a robust ~17% YoY credit growth in Q4FY23.
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Housing Finance: New market structures open up investment universe
India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving...
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