SCUF 2Q performance positively surprised on various parameters (1) Disbursements growth of 23% was well spread across segments, (2) AUM growth of 18% (Ex. gold at 25%) was at 14-qtr high, (3) NIM jumped 34bps QoQ to ~14%, (4) Opex growth was moderate at 12.5%, (5) Stable asset quality across segments and (6) Coverage ratio further inched up to ~73%.