*Shriram City Union Finance Ltd. -S* | *CMP* Rs. 2256 | *M Cap* Rs. 14904 Cr | *52 W H/L* 2602/766
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 968 Cr vs expectation of Rs. 909 Cr, YoY Rs. 878 Cr, QoQ Rs. 920 Cr
PBP came at Rs. 579 Cr vs expectation of Rs. 571 Cr, YoY Rs. 562 Cr, QoQ Rs. 569 Cr
Provision came at Rs. 203 Cr vs expectation of Rs. 239 Cr, YoY Rs. 201 Cr, QoQ Rs. 290 Cr
PAT came at Rs. 282 Cr vs expectation of Rs. 276 Cr, YoY Rs. 257 Cr, QoQ Rs. 208 Cr
AUM came at Rs. 30425 Cr vs YoY Rs. 27537 Cr, QoQ Rs. 29599 Cr
Disbursement came at Rs. 6423 Cr vs YoY Rs. 3061 Cr, QoQ Rs. 4560 Cr
Collection Efficiency is at 100% vs QoQ 93%
Gross NPA came at Rs. 2083 Cr vs QoQ Rs. 2040 Cr at 6.86% vs QoQ 6.91%
Net NPA came at Rs. 1015 Cr vs QoQ Rs. 985 Cr at 3.47% vs QoQ 3.46%
Restructured loans are at Rs. 162 Cr (0.5%)
Contingent provisions are at 2.2% vs QoQ 2.4%
Quarter EPS is Rs. 42.7
Share is trading at P/E of 10.7x FY23E EPS & 1.7x trailing P/BV