Punjab Fibres Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Punjab Fibres Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Punjab Fibres Ltd.
Rating: 3
Author: Prabhudas Lilladhar

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Punjab Fibres Ltd.

25 Aug 2020

Q1FY21 Result Update - Stay cautious - Downgrade to HOLD

Hold: Punjab Fibres Ltd.

Prabhudas Lilladhar

PNB earnings were in-line but remained modest despite support from better treasury gains & NII. Overall earnings picture post merger remains weak as large part of operating profits will be still utilized for higher provisions (i) for legacy accounts where PCR is at 65% and (ii) COVID impact provisions as moratorium remains high. CET-I at 9.4% may be on border levels, but any movement on non-core assets & better recoveries may help to sustain for...

Is Punjab Fibres Ltd. worth buying?

1 Vote:

Hold 100.0%