BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Piramal Enterprises Ltd. reported 11% YoY growth in profit after tax to Rs 5.0 billion.
The lending book was stable, while margins improved sharply QoQ (on a lower base of Q4 up 230 basis point) to 6.5%.
Asset quality was stable, with gross non-performing asset percentage at 2.5% and Emerging Corporate Lending (ECL) provisions remaining high at 5.9% (5.8%) of loans.
Pharmaceutical business sales were at nearly 90% of Q1 FY20 levels, although Ebitda margins were a challenge.
The company continues to carry unallocated networth of Rs 30 billion plus for any inorganic opportunities.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
