*Can Fin Homes Ltd. -S* | *CMP* Rs. 579 | *M Cap* Rs. 7710 Cr | *52 W H/L* 620/267
(Nirmal Bang Retail Research)
*Result is marginally below expectations* due to decline in NIMs
Asset Quality details are awaited. Proforma GNPA as on Q3 was less than 1% and so it is unlikely to deteriorate.
NII came at Rs. 185.8 Cr, YoY Rs. 188.5 Cr, QoQ Rs. 210.4 Cr
PBP came at Rs. 149.7 Cr vs expectation of Rs. 172.2 Cr, YoY Rs. 159.8 Cr, QoQ Rs. 179.1 Cr
Provision came at Rs. 7.7 Cr vs, YoY Rs. 40.8 Cr, QoQ Rs. 1.6 Cr
Co holds Contingent provision of Rs. 70 Cr (0.3% of AUM)
PAT came at Rs. 102.6 Cr vs expectation of Rs. 112.4 Cr, YoY Rs. 90.9 Cr, QoQ Rs. 131.9 Cr
Loan Book came at Rs. 21892 Cr vs YoY Rs. 20526 Cr, QoQ Rs. 21004 Cr
Quarter EPS is Rs. 7.7
Share is trading at P/E of 15.4x FY22E EPS & 3x trailing P/BV


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*Shriram City Union Finance Ltd. -S* | *CMP* Rs. 1410 | *M Cap* Rs. 9307 Cr | *52 W H/L* 1729/617
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 928 Cr vs expectation of Rs. 922 Cr, YoY Rs. 903 Cr, QoQ Rs. 916 Cr
PBP came at Rs. 552 Cr vs expectation of Rs. 592 Cr, YoY Rs. 514 Cr, QoQ Rs. 560 Cr
Provision came at Rs. 164 Cr vs expectation of Rs. 254 Cr, YoY Rs. 311 Cr, QoQ Rs. 175 Cr
Contingent provision on loan assets as management overlay on account of COVID-19 stood at Rs. 709 Cr (2.4% of AUM)
PAT came at Rs. 282 Cr vs expectation of Rs. 281 Cr, YoY Rs. 153 Cr, QoQ Rs. 280 Cr
AUM came at Rs. 29571 Cr vs YoY Rs. 29085 Cr, QoQ Rs. 28546 Cr
Disbursement came at Rs. 6570 Cr vs YoY Rs. 5416 Cr, QoQ Rs. 6197 Cr
Gross NPA came at Rs. 1876 Cr vs QoQ Rs. 1833 Cr at 6.37% vs QoQ 6.46%
Net NPA came at Rs. 877 Cr vs QoQ Rs. 867 Cr at 3.08% vs QoQ 3.16%
Quarter EPS is Rs. 42.7
Share is trading at P/E of 7.9x FY22E EPS & 1.1x trailing P/BV


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Motherson Sumi Systems receives shareholders approval on Group Restructuring proposal

 

Motherson Sumi received an overwhelming response to the proposed Group Restructuring, as Public shareholders vote “In favour”. The public shareholders (non-promoter) have voted in favour of the proposal with a strong majority, thus paving the way for the successful completion of the proposed restructuring. https://t.me/marketswizard

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