BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Mahindra and Mahindra Financial Services Ltd. reported a strong earnings beat, led by a sharp improvement in asset quality, translating into lower credit costs.
Write-offs were elevated ~Rs 12 billion/ ~Rs 25 billion in Q4/FY22, suggesting higher repossessions/settlements, instead of an organic improvement through collections.
M&M Financial's management laid down its Vision 2025 which articulated its aspirational goals for assets under management growth, asset quality, net interest margin, cost ratios, and return on asset.
While the growth targets are aggressive (and perhaps less palatable), it will definitely keep pushing the management team to deliver a much improved performance.
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