External broker reports(aggregated public sources), Emkay Global Financial Services Limited

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>KBL reported an 11% PAT miss in 3Q at Rs2.8bn, due to lower margins – down by 21bps QoQ to 3% (partly due to change in penal interest recognition), and other income, as the bank adopted a calibrated growth approach amid rising liquidity/cost pressures.</li><li>Incrementally, the bank would look at growth with clear focus on ramping up RAM (Retail, Agri, and MSME book) to deliver sustainably healthy RoAs over 1%.</li><li>Headline asset quality continues to trend well with GNPA ratio down at 3.1%, which could fall below 3% as slippages remain contained, while the otherwise higher restructured book too moderates hereon. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

KBL reported an 11% PAT miss in 3Q at Rs2.8bn, due to lower margins – down by 21bps QoQ to 3% (partly due to change in penal interest recognition), and other income, as the bank adopted a calibrated growth approach amid rising liquidity/cost pressures.Incrementally, the bank would look at growth with clear focus on ramping up RAM (Retail, Agri, and MSME book) to deliver sustainably healthy RoAs over 1%.Headline asset quality continues to trend well with GNPA ratio down at 3.1%, which could fall below 3% as slippages remain contained, while the otherwise higher restructured book too moderates hereon. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Karnataka Bank - Calibrated Growth Approach and Lower NIMs Lead to Earning Miss