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 Co.’s Q4 FY21 earnings stood stable with in-line performance on business traction (assets under management Rs 1,172 billion versus our estimate; Rs 1,168 billion; grew 2% QoQ led by used commercial vehicle financing) and provision (Rs 7.2 billion versus our estimate Rs 7 billion and 2.5% credit costs versus 2.4% in Q3).
Moreover, asset quality continues to throw positive surprise with gross non-performing assets restricted to 7% three quarters in a row defying pandemic challenges.
However, second wave engulfing hinterlands is already impacting two aspects of business; namely, employee productivity (internally) and return loads for customers (externally).
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