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[OTHERS] Manappuram General Leasing & Finance - Research report

Manappuram General Leasing and Finance (MAGFIL) has reported a net profit of Rs408mn for Q4FY10, slightly ahead of our estimates driven by better than expected NII and controlled growth in expenses. The NII grew by a robust 17.4% qoq to Rs1.1bn driven by 15% qoq growth in advances and 123bps sequential expansion in NIMs. The advance growth going...

To read the full research report you can visit the below link:
http://www.dsij.in/productattachment/BrokerRecommendation/MGLF.pdf

Source: Dalal Street investment Journal
www.dsij.in
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