Sector Other Financial Services - Latest news, views and updates

Other Financial Services

SECTOR | 08 Jul 2025

Asset Management Companies Apr-Jun'25 Earnings Preview Good quarter...

buy

Other Financial Services

Prabhudas Lilladhar

Good quarter owing to healthy equity growth Equity QAAuM for the industry is likely to see healthy growth of 7-8% QoQ/2122% YoY in Q1FY26 due to higher MTM gains as equity market bounced back in May'25 & Jun'25. Over Mar'25 to May'25 closing eq+bal AuM for the industry grew by 8.3% (6.9% attributable to MTM) while overall AuM grew by 9.8% to Rs72.2trn. Equity/debt mix in May'25 industry MAAuM was 54.3%/16%. Equity flows saw a blip in Apr'25/May'25 (may uptick in Jun'25) due to market volatility; excl. NFOs net equity flows were Rs474bn (Rs964bn in Q4FY25). We expect AMCs in our coverage to see equity QAAuM growth of 7.7% QoQ...

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 08 Jul 2025

Q1FY26E Financial Services Earnings Preview

buy

Other Financial Services

Deven Choksey

The NBFC sector is anticipated to register moderate loan growth in Q1 FY26E. Although unsecured lending may witness some slowdown due to tightening risk controls and regulatory oversight, segments including gold loans and Loan Against Property (LAP) are expected to maintain healthy traction, reflecting shift to a more balanced lending strategy amid evolving credit and interest rate dynamics.

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 08 Apr 2025

Housing Finance Companies Jan-Mar'25 Earnings Preview Blip in...

buy

Other Financial Services

Prabhudas Lilladhar

is a key monitorable, given weak credit flow in the last few quarters. NIM for coverage HFCs could fall by 6bps QoQ to 2.96%. NII may inch up by 0.7% QoQ to Rs26.2bn. Opex could rise by 6.1% QoQ to Rs5.95bn due to other opex (+14.2% QoQ) partially offset by a 2.1% decline in employee cost. Hence, PPoP could be flat QoQ at Rs22.4bn. We see provisions normalizing to 19bps (vs -0.02bps in Q3FY25) as LICHF had seen a write-back last quarter. PAT...

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 08 Apr 2025

Asset Management Companies Jan-Mar'25 Earnings Preview Volatile equity...

buy

Other Financial Services

Prabhudas Lilladhar

Industry MAAuM as at Feb'25 stood at Rs67.6trn and equity/debt share was 53.4%/16%. Equity flows continue to remain strong; excluding NFOs, Jan'25 and Feb'25 together saw net flows of Rs702bn compared to Rs1,207bn in Q3FY25. Equity QAAuM growth is likely to decline in Q4FY25 by 4.0-4.5% due to equity correction in Jan'25 & Feb'25; industry QAAuM de-grew by 1.7% QoQ to Rs67.4trn (+3.6% QoQ in Q3FY25), while closing equity AuM (incl. bal) saw a QTD de-growth of 9.3% in Feb'25. We expect AMCs in our coverage to see equity QAAuM de-growth of 4.3% QoQ...

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 09 Jan 2025, 12:00AM

HFCs

buy

Other Financial Services

Prabhudas Lilladhar

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 30 Oct 2024

Credit Card Data Update: Sector Report

buy

Other Financial Services

IDBI Capital

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 08 Oct 2024

HFCs

buy

Other Financial Services

Prabhudas Lilladhar

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 08 Oct 2024

Asset Management Companies

buy

Other Financial Services

Prabhudas Lilladhar

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 09 Jul 2024, 12:00AM

Asset Management Companies

buy

Other Financial Services

Prabhudas Lilladhar

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.

Other Financial Services

SECTOR | 10 Apr 2024, 12:00AM

Asset Management Companies

buy

Other Financial Services

Prabhudas Lilladhar

Deven Choksey released a Sector Update report for Other Financial Services on 08 Jul, 2025.