Shriram City Union Finance Ltd.

NSE: SHRIRAMCIT | BSE: 532498 | ISIN: INE722A01011 | Industry: Finance (including NBFCs)
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Axis Direct
SCUFs Q2FY18 PAT (~Rs 2 bn; down 3% YoY), below our and Street estimates, was dented by higher than expected provisions. Asset quality deteriorated marginally with 15 bps QoQ rise in 120dpd GNPA ratio to 6.9%.
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