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

Emkay

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

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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>Karur Vysya Bank (KVB) continues to report a robust performance, with PAT at Rs4.9bn and peer-best RoA at ~1.7%, which the bank guides to uphold, aided by healthy operating profitability and contained credit cost.</li><li>The bank continues to clock healthy credit growth at ~15% YoY/3% QoQ, but has slowed down growth in the high-margin portfolio, including BNPL, VF, and MFI.</li><li>This, coupled with higher CoF, led to contraction of 8bps QoQ in NIM to 4.03%.</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>

Karur Vysya Bank (KVB) continues to report a robust performance, with PAT at Rs4.9bn and peer-best RoA at ~1.7%, which the bank guides to uphold, aided by healthy operating profitability and contained credit cost.The bank continues to clock healthy credit growth at ~15% YoY/3% QoQ, but has slowed down growth in the high-margin portfolio, including BNPL, VF, and MFI.This, coupled with higher CoF, led to contraction of 8bps QoQ in NIM to 4.03%.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.

Karur Vysya Bank - Margin Softens, but Delivers Superior 1.7% RoA