Anand Rathi's research report on South Indian Bank. Muted NII and lower Treasury income led to the decline in South Indian Bank’s Q4 operating profit. Lower provisions aided profitability, with a 0.98% RoA (down 7bps q/q). Asset quality improved across segments. With stress from the legacy book recognised, the focus now shifts to profitability.
Open FlipAnand Rathi's research report on Kotak Mahindra Bank. Boosted by robust loan growth and the higher NIM, Kotak Mahindra Bank delivered healthy, 20% q/q, core earnings growth in Q4. A squeaky clean franchisee combined with substantial subsidiary value-accretion would drive a high, 2.4%, RoA over FY24-26. Despite the RBI overhang, we retain a Buy with a TP of Rs 1,855.
Open FlipReported Consolidated quarterly numbers for Consolidated Construction Consortium are: Net Sales at Rs 29.86 crore in March 2024 down 15.91% from Rs. 35.51 crore in March 2023. Quarterly Net Profit at Rs. 1,335.89 crore in March 2024 up 6556.33% from Rs. 20.69 crore in March 2023. EBITDA stands negative at Rs. 45.42 crore in March 2024 down 9169.39% from Rs. 0.49 crore in March 2023.
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