Just my 2 cents, “Highest ever profits” and “record profits” is the biggest sham there is. Federal Bank uses this terminology and so do some other Tier 2 banks. If banks do their job well, every year has to be by definition be “record profits” (Ask Kotak & HDFC Bank, Don’t ask about their stock price though )
As for Results, despite great headline numbers, markets are more concerned about the directional changes or we can say, expected directionality of Ujjivan’s performance.
Because ROA and ROE have been better in past quarters and because the “Goldilocks” period of Increasing AUM and NII growth coupled with sharply declining provisions seems to be coming to an end, market is likely to take that reality into consideration.
P.S – Predicting annual numbers has NEVER been straightforward, let alone Quarterly numbers
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