*Poly Medicure Ltd.* | *CMP* Rs. 1013 | *M Cap* Rs. 9713 Cr | *52 W H/L* 1165/365
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 211.9 Cr (-0.5% QoQ, 24.4% YoY) vs QoQ Rs. 213 Cr, YoY Rs. 170.4 Cr
EBIDTA came at Rs. 55.3 Cr (2.1% QoQ, 20.7% YoY) vs QoQ Rs. 54.2 Cr, YoY Rs. 45.9 Cr
EBITDA Margin came at 26.1% vs QoQ 25.4%, YoY 26.9%
Adj. PAT came at Rs. 37.6 Cr vs QoQ Rs. 38.8 Cr, YoY Rs. 26.7 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 66.2x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 211.9 Cr (-0.5% QoQ, 24.4% YoY) vs QoQ Rs. 213 Cr, YoY Rs. 170.4 Cr
EBIDTA came at Rs. 55.3 Cr (2.1% QoQ, 20.7% YoY) vs QoQ Rs. 54.2 Cr, YoY Rs. 45.9 Cr
EBITDA Margin came at 26.1% vs QoQ 25.4%, YoY 26.9%
Adj. PAT came at Rs. 37.6 Cr vs QoQ Rs. 38.8 Cr, YoY Rs. 26.7 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 66.2x TTM EPS
*Garware Hi-Tech Films Ltd.* | *CMP* Rs. 1000 | *M Cap* Rs. 2351 Cr | *52 W H/L* 1015/203
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 305.6 Cr (6.2% QoQ, 80.4% YoY) vs QoQ Rs. 287.7 Cr, YoY Rs. 169.4 Cr
EBIDTA came at Rs. 59.1 Cr (13.9% QoQ, 103.4% YoY) vs QoQ Rs. 51.8 Cr, YoY Rs. 29 Cr
EBITDA Margin came at 19.3% vs QoQ 18%, YoY 17.1%
Adj. PAT came at Rs. 35.8 Cr vs QoQ Rs. 31.8 Cr, YoY Rs. 13.6 Cr
Quarter EPS is Rs. 15.2
Share is trading at P/E of 15.9x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 305.6 Cr (6.2% QoQ, 80.4% YoY) vs QoQ Rs. 287.7 Cr, YoY Rs. 169.4 Cr
EBIDTA came at Rs. 59.1 Cr (13.9% QoQ, 103.4% YoY) vs QoQ Rs. 51.8 Cr, YoY Rs. 29 Cr
EBITDA Margin came at 19.3% vs QoQ 18%, YoY 17.1%
Adj. PAT came at Rs. 35.8 Cr vs QoQ Rs. 31.8 Cr, YoY Rs. 13.6 Cr
Quarter EPS is Rs. 15.2
Share is trading at P/E of 15.9x TTM EPS
*CCL Products (India) Ltd.* | *CMP* Rs. 438 | *M Cap* Rs. 5827 Cr | *52 W H/L* 438/220
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 326.1 Cr (-1.6% QoQ, 12.8% YoY) vs expectation of Rs. 321.2 Cr, QoQ Rs. 331.6 Cr, YoY Rs. 289.2 Cr
EBIDTA came at Rs. 72 Cr (-15.5% QoQ, 14.5% YoY) vs expectation of Rs. 77.3 Cr, QoQ Rs. 85.2 Cr, YoY Rs. 62.9 Cr
EBITDA Margin came at 22.1% vs expectation of 24.1%, QoQ 25.7%, YoY 21.7%
Adj. PAT came at Rs. 43.8 Cr vs expectation of Rs. 49.9 Cr, QoQ Rs. 49.2 Cr, YoY Rs. 38.5 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 26x FY22E EPS
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 326.1 Cr (-1.6% QoQ, 12.8% YoY) vs expectation of Rs. 321.2 Cr, QoQ Rs. 331.6 Cr, YoY Rs. 289.2 Cr
EBIDTA came at Rs. 72 Cr (-15.5% QoQ, 14.5% YoY) vs expectation of Rs. 77.3 Cr, QoQ Rs. 85.2 Cr, YoY Rs. 62.9 Cr
EBITDA Margin came at 22.1% vs expectation of 24.1%, QoQ 25.7%, YoY 21.7%
Adj. PAT came at Rs. 43.8 Cr vs expectation of Rs. 49.9 Cr, QoQ Rs. 49.2 Cr, YoY Rs. 38.5 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 26x FY22E EPS
BHARTI AIRTEL: CO LOSES NET 4.6M MOBILE USERS IN MAY
VODAFONE IDEA: CO LOSES NET 4.28M MOBILE CUSTOMERS IN MAY
RELIANCE: JIO ADDS NET 3.6M MOBILE CUSTOMERS IN MAY
VODAFONE IDEA: CO LOSES NET 4.28M MOBILE CUSTOMERS IN MAY
RELIANCE: JIO ADDS NET 3.6M MOBILE CUSTOMERS IN MAY
*LIC Housing Finance Ltd. -S* | *CMP* Rs. 419 | *M Cap* Rs. 21145 Cr | *52 W H/L* 542/255
(Nirmal Bang Retail Research)
*Result is below expectations*
Asset quality details are awaited
NII came at Rs. 1307.1 Cr vs expectation of Rs. 1496.6 Cr, YoY Rs. 1239.2 Cr, QoQ Rs. 1574.8 Cr
PBP came at Rs. 1023.3 Cr vs expectation of Rs. 1332.5 Cr, YoY Rs. 1076.3 Cr, QoQ Rs. 1329.2 Cr
Provision came at Rs. 830.4 Cr vs expectation of Rs. 532.4 Cr, YoY Rs. 58.7 Cr, QoQ Rs. 977.2 Cr
PAT came at Rs. 153.4 Cr vs expectation of Rs. 668.6 Cr, YoY Rs. 817.5 Cr, QoQ Rs. 398.9 Cr
Quarter EPS is Rs. 3
Share is trading at P/E of 8.7x FY23E EPS & 1x trailing P/BV
(Nirmal Bang Retail Research)
*Result is below expectations*
Asset quality details are awaited
NII came at Rs. 1307.1 Cr vs expectation of Rs. 1496.6 Cr, YoY Rs. 1239.2 Cr, QoQ Rs. 1574.8 Cr
PBP came at Rs. 1023.3 Cr vs expectation of Rs. 1332.5 Cr, YoY Rs. 1076.3 Cr, QoQ Rs. 1329.2 Cr
Provision came at Rs. 830.4 Cr vs expectation of Rs. 532.4 Cr, YoY Rs. 58.7 Cr, QoQ Rs. 977.2 Cr
PAT came at Rs. 153.4 Cr vs expectation of Rs. 668.6 Cr, YoY Rs. 817.5 Cr, QoQ Rs. 398.9 Cr
Quarter EPS is Rs. 3
Share is trading at P/E of 8.7x FY23E EPS & 1x trailing P/BV
*Dwarikesh Sugar Industries Ltd.* | *CMP* Rs. 79 | *M Cap* Rs. 1488 Cr | *52 W H/L* 84/23
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 392.2 Cr (-34.6% QoQ, -10.9% YoY) vs QoQ Rs. 600 Cr, YoY Rs. 440.4 Cr
EBIDTA came at Rs. 58.5 Cr (-29% QoQ, 16.7% YoY) vs QoQ Rs. 82.4 Cr, YoY Rs. 50.2 Cr
EBITDA Margin came at 14.9% vs QoQ 13.7%, YoY 11.4%
Adj. PAT came at Rs. 27.1 Cr vs QoQ Rs. 48.2 Cr, YoY Rs. 18.1 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 14.8x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 392.2 Cr (-34.6% QoQ, -10.9% YoY) vs QoQ Rs. 600 Cr, YoY Rs. 440.4 Cr
EBIDTA came at Rs. 58.5 Cr (-29% QoQ, 16.7% YoY) vs QoQ Rs. 82.4 Cr, YoY Rs. 50.2 Cr
EBITDA Margin came at 14.9% vs QoQ 13.7%, YoY 11.4%
Adj. PAT came at Rs. 27.1 Cr vs QoQ Rs. 48.2 Cr, YoY Rs. 18.1 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 14.8x TTM EPS
*Privi Speciality Chemicals Ltd.* | *CMP* Rs. 1384 | *M Cap* Rs. 5406 Cr | *52 W H/L* 1430/446
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 332.3 Cr (-5.9% QoQ, 2.5% YoY) vs QoQ Rs. 353.1 Cr, YoY Rs. 324.3 Cr
EBIDTA came at Rs. 58.5 Cr (-19.4% QoQ, 14.4% YoY) vs QoQ Rs. 72.6 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 17.6% vs QoQ 20.6%, YoY 15.8%
Adj. PAT came at Rs. 29.3 Cr vs QoQ Rs. 36.8 Cr, YoY Rs. 21 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 53.1x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 332.3 Cr (-5.9% QoQ, 2.5% YoY) vs QoQ Rs. 353.1 Cr, YoY Rs. 324.3 Cr
EBIDTA came at Rs. 58.5 Cr (-19.4% QoQ, 14.4% YoY) vs QoQ Rs. 72.6 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 17.6% vs QoQ 20.6%, YoY 15.8%
Adj. PAT came at Rs. 29.3 Cr vs QoQ Rs. 36.8 Cr, YoY Rs. 21 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 53.1x TTM EPS
*Welspun Corp Ltd.* | *CMP* Rs. 147 | *M Cap* Rs. 3842 Cr | *52 W H/L* 166/80
(Nirmal Bang Retail Research)
*Result Declining*
Revenue from Operations came at Rs. 1298.9 Cr (-28.6% QoQ, -37.2% YoY) vs QoQ Rs. 1819.3 Cr, YoY Rs. 2069.3 Cr
Pipes sales volume came at 175 KMT vs 222 KMT yoy down by 21%
Realisation came at Rs 70993 Cr vs QoQ Rs 69928 cr, YoY Rs 90731 Cr
EBIDTA came at Rs. 165 Cr (-28.3% QoQ, -8.7% YoY) vs QoQ Rs. 230.1 Cr, YoY Rs. 180.6 Cr
EBITDA/T came at Rs 9429 cr vs QoQ Rs 9316 Cr, YoY Rs 8135 Cr
EBITDA Margin came at 12.7% vs QoQ 12.6%, YoY 8.7%
Adj. PAT came at Rs. 97.3 Cr vs QoQ Rs. 218.7 Cr, YoY Rs. 51.9 Cr
Quarter EPS is Rs. 3.7
Share is trading at EV/EBITDA of 4.51x FY23E EBITDA
(Nirmal Bang Retail Research)
*Result Declining*
Revenue from Operations came at Rs. 1298.9 Cr (-28.6% QoQ, -37.2% YoY) vs QoQ Rs. 1819.3 Cr, YoY Rs. 2069.3 Cr
Pipes sales volume came at 175 KMT vs 222 KMT yoy down by 21%
Realisation came at Rs 70993 Cr vs QoQ Rs 69928 cr, YoY Rs 90731 Cr
EBIDTA came at Rs. 165 Cr (-28.3% QoQ, -8.7% YoY) vs QoQ Rs. 230.1 Cr, YoY Rs. 180.6 Cr
EBITDA/T came at Rs 9429 cr vs QoQ Rs 9316 Cr, YoY Rs 8135 Cr
EBITDA Margin came at 12.7% vs QoQ 12.6%, YoY 8.7%
Adj. PAT came at Rs. 97.3 Cr vs QoQ Rs. 218.7 Cr, YoY Rs. 51.9 Cr
Quarter EPS is Rs. 3.7
Share is trading at EV/EBITDA of 4.51x FY23E EBITDA
*PVR Ltd.* | *CMP* Rs. 1363 | *M Cap* Rs. 8282 Cr | *52 W H/L* 1592/961
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 59.4 Cr (-64.7% QoQ, 509.8% YoY) vs QoQ Rs. 168.2 Cr, YoY Rs. 9.7 Cr
EBIDTA came at Rs. -90.9 Cr (63.7% QoQ, -20.2% YoY) vs QoQ Rs. -55.6 Cr, YoY Rs. -113.9 Cr
EBITDA Margin came at -153.1% vs QoQ -33%, YoY -1169.5%
Adj. PAT came at Rs. -219.4 Cr vs QoQ Rs. -280.3 Cr, YoY Rs. -221.3 Cr
Quarter EPS is Rs. -36.1
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 59.4 Cr (-64.7% QoQ, 509.8% YoY) vs QoQ Rs. 168.2 Cr, YoY Rs. 9.7 Cr
EBIDTA came at Rs. -90.9 Cr (63.7% QoQ, -20.2% YoY) vs QoQ Rs. -55.6 Cr, YoY Rs. -113.9 Cr
EBITDA Margin came at -153.1% vs QoQ -33%, YoY -1169.5%
Adj. PAT came at Rs. -219.4 Cr vs QoQ Rs. -280.3 Cr, YoY Rs. -221.3 Cr
Quarter EPS is Rs. -36.1
*Aavas Financiers Ltd. - S* | *CMP* Rs. 2575 | *M Cap* Rs. 20217 Cr | *52 W H/L* 3074/1272
(Nirmal Bang Retail Research)
*Result is ok*
Asset quality details are awaited
NII came at Rs. 159.1 Cr vs YoY Rs. 121.6 Cr, QoQ Rs. 174.2 Cr
PBP came at Rs. 91.9 Cr vs YoY Rs. 69.2 Cr, QoQ Rs. 101.9 Cr
Provision came at Rs. 17 Cr vs YoY Rs. 6 Cr, QoQ Rs. 7 Cr
Contingent provisions is at Rs. 14.8 Cr (15 bps)
PAT came at Rs. 59.9 Cr vs YoY Rs. 50.1 Cr, QoQ Rs. 87.6 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 46.5x FY23E EPS & 8.2x trailing P/BV
(Nirmal Bang Retail Research)
*Result is ok*
Asset quality details are awaited
NII came at Rs. 159.1 Cr vs YoY Rs. 121.6 Cr, QoQ Rs. 174.2 Cr
PBP came at Rs. 91.9 Cr vs YoY Rs. 69.2 Cr, QoQ Rs. 101.9 Cr
Provision came at Rs. 17 Cr vs YoY Rs. 6 Cr, QoQ Rs. 7 Cr
Contingent provisions is at Rs. 14.8 Cr (15 bps)
PAT came at Rs. 59.9 Cr vs YoY Rs. 50.1 Cr, QoQ Rs. 87.6 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 46.5x FY23E EPS & 8.2x trailing P/BV
MADRAS HC DIRECTS CCI INDIA TO PROCEED WITH THE INVESTIGATION INTO ALLEGED CARTELISATION BY STEEL MANUFACTURERS WITHIN FOUR MONTHS
*Laurus Labs Ltd.* | *CMP* Rs. 615 | *M Cap* Rs. 33001 Cr | *52 W H/L* 698/130
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1278.5 Cr (-9.5% QoQ, 31.2% YoY) vs expectation of Rs. 1378.3 Cr, QoQ Rs. 1411.9 Cr, YoY Rs. 974.3 Cr
EBIDTA came at Rs. 395.4 Cr (-16.3% QoQ, 42% YoY) vs expectation of Rs. 437.5 Cr, QoQ Rs. 472.2 Cr, YoY Rs. 278.3 Cr
EBITDA Margin came at 30.9% vs expectation of 31.7%, QoQ 33.4%, YoY 28.6%
Adj. PAT came at Rs. 241.6 Cr vs expectation of Rs. 276.8 Cr, QoQ Rs. 296.7 Cr, YoY Rs. 171.8 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 27.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1278.5 Cr (-9.5% QoQ, 31.2% YoY) vs expectation of Rs. 1378.3 Cr, QoQ Rs. 1411.9 Cr, YoY Rs. 974.3 Cr
EBIDTA came at Rs. 395.4 Cr (-16.3% QoQ, 42% YoY) vs expectation of Rs. 437.5 Cr, QoQ Rs. 472.2 Cr, YoY Rs. 278.3 Cr
EBITDA Margin came at 30.9% vs expectation of 31.7%, QoQ 33.4%, YoY 28.6%
Adj. PAT came at Rs. 241.6 Cr vs expectation of Rs. 276.8 Cr, QoQ Rs. 296.7 Cr, YoY Rs. 171.8 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 27.8x FY22E EPS
*Tech Mahindra Ltd.* | *CMP* Rs. 1128 | *M Cap* Rs. 109303 Cr | *52 W H/L* 1128/559
(Nirmal Bang Retail Research)
TCV came at $ 815 Mn vs QoQ $ 1043 Mn, YoY $ 290 Mn
CC QoQ came at 3.9% vs expectation of 2.2%, QoQ 0.7%, YoY -6.3%
*Result is above expectation*
Dollar revenue came at $ 1383.6 Mn,(4.1% QoQ, 14.6% YoY) vs expectation of $ 1359.7 Mn, QoQ $ 1329.6 Mn, YoY $ 1207.5 Mn
Net sales came at Rs. 10197.6 Cr (4.8% QoQ, 12% YoY) vs expectation of Rs. 10053.2 Cr, QoQ Rs. 9729.9 Cr, YoY Rs. 9106.3 Cr
EBIT came at Rs. 1545.3 Cr (-3.6% QoQ, 68.5% YoY) vs expectation of Rs. 1458.9 Cr, QoQ Rs. 1603.6 Cr, YoY Rs. 917.3 Cr
EBIT Margin came at 15.2% vs expectation of 14.5%, QoQ 16.5%, YoY 10.1%
Adj. PAT came at Rs. 1353.2 Cr vs expectation of Rs. 1211 Cr, QoQ Rs. 1081.3 Cr, YoY Rs. 973.2 Cr
Quarter EPS is Rs. 14
Stock is trading at P/E of 18.8x FY22E EPS
(Nirmal Bang Retail Research)
TCV came at $ 815 Mn vs QoQ $ 1043 Mn, YoY $ 290 Mn
CC QoQ came at 3.9% vs expectation of 2.2%, QoQ 0.7%, YoY -6.3%
*Result is above expectation*
Dollar revenue came at $ 1383.6 Mn,(4.1% QoQ, 14.6% YoY) vs expectation of $ 1359.7 Mn, QoQ $ 1329.6 Mn, YoY $ 1207.5 Mn
Net sales came at Rs. 10197.6 Cr (4.8% QoQ, 12% YoY) vs expectation of Rs. 10053.2 Cr, QoQ Rs. 9729.9 Cr, YoY Rs. 9106.3 Cr
EBIT came at Rs. 1545.3 Cr (-3.6% QoQ, 68.5% YoY) vs expectation of Rs. 1458.9 Cr, QoQ Rs. 1603.6 Cr, YoY Rs. 917.3 Cr
EBIT Margin came at 15.2% vs expectation of 14.5%, QoQ 16.5%, YoY 10.1%
Adj. PAT came at Rs. 1353.2 Cr vs expectation of Rs. 1211 Cr, QoQ Rs. 1081.3 Cr, YoY Rs. 973.2 Cr
Quarter EPS is Rs. 14
Stock is trading at P/E of 18.8x FY22E EPS
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Jul 31, 2021 11:30 AM India
Topic: August Month Outlook by Mr Sunil Jain and Retail Research Team
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_gOfCI25YR0Kk-nThJloozA
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Jul 31, 2021 11:30 AM India
Topic: August Month Outlook by Mr Sunil Jain and Retail Research Team
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_gOfCI25YR0Kk-nThJloozA
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: August Month Outlook by Mr Sunil Jain and Retail Research Team. After registering,…
*Union Bank of India Ltd.* | *CMP* Rs. 39 | *M Cap* Rs. 26485 Cr | *52 W H/L* 45/23
(Nirmal Bang Retail Research)
*Result is ok*
Net Interest Income came at Rs. 7013 Cr vs YoY Rs. 6403 Cr, QoQ Rs. 5403 Cr
Non Interest Income came at Rs. 2901 Cr vs YoY Rs. 1462 Cr, QoQ Rs. 4551 Cr
PBP came at Rs. 5303 Cr vs YoY Rs. 4034 Cr, QoQ Rs. 5180 Cr
Provisions came at Rs. 3524 Cr vs YoY Rs. 3556 Cr, QoQ Rs. 3904 Cr
Adj. PAT came at Rs. 1181 Cr vs YoY Rs. 333 Cr, QoQ Rs. 1330 Cr
Gross NPA came at Rs. 87762 Cr vs QoQ Rs. 89788 Cr at 13.6% vs QoQ 13.74%
Net NPA came at Rs. 27438 Cr vs QoQ Rs. 27281 Cr at 4.69% vs QoQ 4.62%
Slippages were at Rs. 7,049 Cr (4.8%) against FY21 figure of Rs. 17,442 Cr (3.0%). 45% of slippages in Q1 were from MSMEs.
SMA 2 has increased to 1.71% vs QoQ 0.60%. Restructured book stands at 2.4%. Thus total of SMA 2 + Restructured book comes to 4.1%.
Quarter EPS is Rs. 1.7
Share is trading at P/E of 4.7x FY23E EPS & 0.7x trailing P/Adj. BV
(Nirmal Bang Retail Research)
*Result is ok*
Net Interest Income came at Rs. 7013 Cr vs YoY Rs. 6403 Cr, QoQ Rs. 5403 Cr
Non Interest Income came at Rs. 2901 Cr vs YoY Rs. 1462 Cr, QoQ Rs. 4551 Cr
PBP came at Rs. 5303 Cr vs YoY Rs. 4034 Cr, QoQ Rs. 5180 Cr
Provisions came at Rs. 3524 Cr vs YoY Rs. 3556 Cr, QoQ Rs. 3904 Cr
Adj. PAT came at Rs. 1181 Cr vs YoY Rs. 333 Cr, QoQ Rs. 1330 Cr
Gross NPA came at Rs. 87762 Cr vs QoQ Rs. 89788 Cr at 13.6% vs QoQ 13.74%
Net NPA came at Rs. 27438 Cr vs QoQ Rs. 27281 Cr at 4.69% vs QoQ 4.62%
Slippages were at Rs. 7,049 Cr (4.8%) against FY21 figure of Rs. 17,442 Cr (3.0%). 45% of slippages in Q1 were from MSMEs.
SMA 2 has increased to 1.71% vs QoQ 0.60%. Restructured book stands at 2.4%. Thus total of SMA 2 + Restructured book comes to 4.1%.
Quarter EPS is Rs. 1.7
Share is trading at P/E of 4.7x FY23E EPS & 0.7x trailing P/Adj. BV