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  • 21 June

    CARE Ratings rating – Buy: Robust final quarter for the company

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Mon, Jun 21, 2021 1:57 AM by Currency Times

CARE Ratings rating – Buy: Robust final quarter for the company

In the wake of improved performance, we revise up FY22/23e EPS 10/12%. Maintain Buy with revised TP of Rs 825. CARE Ratings (CARE) beat estimates with 21% consolidated top-line growth in Q4FY21. It outperformed peers amidst marginally lower credit growth leading to 1% growth in overall FY21 sales. With 39% decline in other expenses, Ebitda […]

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