BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Piramal Enterprises Ltd.'s assets under management in financial services grew 37% YoY to ~Rs 646 billion, while retail loans grew over four times to ~Rs 223 billion.
The share of the retail book rose to 37% (PY: 12%) primarily through the Dewan Housing Finance Corporation Ltd. acquisition in September 2021.
Pharma sales rose 9% YoY to Rs 14.9 billion (in line) in Q1 FY23, led by sustained momentum in the India consumer product segment. The contract development and manufacturing organisation and complex hospital generics business experienced temporary challenges in Q1 FY23, impacting performance to some extent.
Piramal Capital and Housing Finance Ltd. will now have to scale up DHFL's mortgage franchise and leverage the platform to cross-sell other retail products to its customer pool.
Piramal Enterprises recently launched its microfinance business and will soon start offering salaried personal loans.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
