HSIE Results Daily: Astral, Oberoi Realty, Jubilant FoodWorks
Astral: We maintain REDUCE on Astral, as we believe its valuation is expensive, and we revise the target price to INR 1,480/sh (30x its Mar-25E...
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Housing Finance: New market structures open up investment universe
India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving...
659 Views
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...
423 Views
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)
348 Views
LIC Housing Finance - Disbursements Weak but Asset Quality Continues to Improve
Opex was high and grew ~36% YoY to INR3.6b (~11% higher than MOFSLe) and the cost-to-income ratio rose ~2pp YoY to ~17% (PY: ~12% and PQ: ~15%).
320 Views