External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><ul><li>Gold loan demand muted while MFI continues to disappoint - Over the last three quarters, MGFL traded off margin and spreads for Gold loan growth.</li></ul><div><ul><li>Gold and MFI AUM fell sequentially; credit costs elevated in MFI - Gold AUM fell ~1% QoQ to INR202b and Gold tonnage declined by 2% to 68t.</li></ul><div><ul><li>Compression in spreads and margin driven by higher ticket sizes and aggressive competition - NII fell 2% QoQ, driven by sequential moderation of ~150bp in Gold loan yields to 18.8%.</li></ul></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Gold loan demand muted while MFI continues to disappoint - Over the last three quarters, MGFL traded off margin and spreads for Gold loan growth.Gold and MFI AUM fell sequentially; credit costs elevated in MFI - Gold AUM fell ~1% QoQ to INR202b and Gold tonnage declined by 2% to 68t.Compression in spreads and margin driven by higher ticket sizes and aggressive competition - NII fell 2% QoQ, driven by sequential moderation of ~150bp in Gold loan yields to 18.8%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

4QFY22 Results Update - Manappuram Finance