Research ReportsNBFCs Q4 Results Preview — Motilal Oswal Projects Muted Quarter; Shriram Finance Among Top Picks
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NBFCs Q4 Results Preview — Motilal Oswal Projects Muted Quarter; Shriram Finance Among Top Picks
Notwithstanding seasonality, demand trends and loan growth remained flat during the quarter due to calibrated growth in unsecured retail, muted disbursements in microfinance and low mortgage volumes.
Asset quality remained largely stable or saw a minor improvement, driven by significant collection efforts during the quarter.
(Photo source: Usha Kunji/ NDTV Profit)
For Motilal Oswal's NBFC coverage universe, we estimate loan growth of ~15% YoY/~4% QoQ as of Mar’25. Notwithstanding seasonality, demand trends and loan growth remained flat during the quarter due to calibrated growth in unsecured retail, muted disbursements in microfinance and low mortgage volumes.