HSIE Results Daily: Cholamandalam Investment and Finance Company, Shriram Finance
Chola’s Q3FY23 earnings were ahead of estimates on the back of better-than-expected AUM growth (+31% YoY), steady NIMs (7.6%), and improving asset...
372 Views
Connecting the Dots - The Changing Contours of PV Financing
Post the publication of our cross-sector Vehicle Finance thematic, we met about 50 investors and passenger vehicle (PV) dealers across key markets.
234 Views
Vehicle Financing - Secular Opportunity Meets Cyclical Tailwinds
With green shoots in the underlying PV and CV segments, the Indian vehicle financing disbursals (FY22: ~US$ 42bn) is poised to ride a secular 15%+...
170 Views
Shriram Transport Finance - FY22 - Annual Report Analysis
Shriram Transport Finance (SHTF) is well placed to offer an attractive CV cycle play at low valuation. In contrast to other NBFCs, we are expecting...
236 Views
Shriram Transport Finance - Consistent Operational Performance
Shriram Transport posted Q4 earnings of Rs10.9bn, 32% above our estimate of Rs8.2bn and 19% above consensus. Operating income came in 6% above our...
239 Views