HSIE Results Daily: LIC Housing Finance, Vinati Organics, The Ramco Cements
Credit costs shot up to ~120bps (annualised), as the company shored up its Stage-III provisions to 51% (Q2FY23: 44%) in order to maintain healthy...
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HSIE Results Daily: State Bank of India, Titan, Bharat Petroleum Corporation
Slippages were elevated QoQ (~1.5%), driven by SME, agri and retail including INR20bn from the restructured portfolio (~1% of loans)
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HSIE Results Daily: Mphasis, Container Corporation, LIC Housing Finance and More
LIC Housing Finance: LICHF disappointed, driven by elevated provisioning (1.1% of loans, annualised) and interest reversals (INR1.35bn). While...
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HSIE Results Daily: Marico, JSW Energy, Container Corporation and More
HSIE Results Daily Marico: Marico posted in-line revenue growth, however margin was a miss. Revenue/EBITDA grew by 31/3% (HSIE 31/7%). Domestic...
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HSIE Results Daily: LIC Housing Finance
We revise our FY22/FY23 estimates upwards by 5.4%/6.2%, driven by higher loan growth in FY22, while we remain conservative on our loan loss...
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