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

Shriram City Union Finance / Equity Bottom-Up

<p>PAT in line; minor improvement in Stage 3 SCUF posted a PAT of INR2.82b (up 10% YoY and 36% QoQ, in line) in 2QFY22. PPOP was largely in line at INR5.8b (up 3% YoY and 2% QoQ). NII/credit costs stood in line ~INR9b/~INR2b. 2QFY22 was characterized by a sequentially strong growth of ~40% in disbursements and ~5bp QoQ improvement in GS3. Access to liquidity has considerably improved for SCUF and it has now reverted back to its pre-ILFS quarterly disbursement run-rate of INR65-70b....</p><div class="content-highlight"><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></div>

PAT in line; minor improvement in Stage 3 SCUF posted a PAT of INR2.82b (up 10% YoY and 36% QoQ, in line) in 2QFY22. PPOP was largely in line at INR5.8b (up 3% YoY and 2% QoQ). NII/credit costs stood in line ~INR9b/~INR2b. 2QFY22 was characterized by a sequentially strong growth of ~40% in disbursements and ~5bp QoQ improvement in GS3. Access to liquidity has considerably improved for SCUF and it has now reverted back to its pre-ILFS quarterly disbursement run-rate of INR65-70b....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.

Consolidation phase over; getting back to its growth ways