Manappuram Finance - Steady Momentum in AUM Growth with Stable Margins; Maintain Buy
The company reported robust growth in AUM growth of 27/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, 9% QoQ), vehicles (Up 67/12%...
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Manappuram Finance - Robust AUM Growth
Further, despite a spike in the cost of funds by 20 bps QoQ on the standalone book, net yields reported an uptick of 40 bps QoQ to 21.4%.
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Manappuram Finance - Stay Order on ED’s Investigation
Although net yields declined by 150 bps QoQ to 21% due to a change in gold loan tenure, aided by robust AUM growth, NII reported healthy growth of...
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Top Sector Ideas - Banking, Financial Services and Insurance (BFSI)
The NBFCs under our coverage reported healthy AUM growth led by strong demand across segments .Owing to seasonal weakness, disbursements for most...
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Bfsi Q4fy23 Result Preview – yet Another Strong Quarter!
We expect the banks under our coverage to mirror the strong systemic credit growth, thereby delivering a robust ~17% YoY credit growth in Q4FY23.
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