Business

Cholamandalam Investment Q4 Review – One-Offs Lead To Profit Miss: Motilal Oswal

Today News ||

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.

Cholamandalam Investment and Finance Co. reported a Q4 FY21 profit after tax of Rs 2.4 billion, 55% miss on higher-than-expected employee expenses and credit costs.

The profit after tax miss belies the healthy on the-ground operating performance.

Disbursements/assets under management grew 43%/16% YoY, while asset quality was stable.

Ads

In FY21, the company delivered net interest income/pre-provision operating profit/profit after tax growth of 32-44% YoY.

It also increased its total provision buffer by 90 basis points to 3.6% in FY21.

Click on the attachment to read the full report:

Motilal Oswal Cholamandalam Q4FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

More Economy Business News Updates of Today Check Below

Today News || Business Today || World News || Headlines Today || Health || Technology News || Education News

Source

Tags
Show More

Related Articles

Back to top button
Close