Arre suno, Motilal Oswal ne Five Star Business Finance par 'Buy' ka signal de diya hai! Aur toh aur, target bhi badha kar ₹590 kar diya hai. Ye kyun hua? Chalo, company ke latest results aur future outlook mein ghuste hain.
Company ke Q3 FY26 results expectations ke hisaab se hi aaye hain. Profit After Tax (PAT) mein 1% ka year-on-year jump dikha hai, jo ₹2.8 billion ho gaya hai. Aur Net Interest Income (NII) toh aur bhi mast perform kiya, 12% badh kar ₹6.1 billion tak pahunch gaya. Ye dikhata hai ki company ki core lending business acchi chal rahi hai.
Haan, yeh sach hai ki 'other income' thoda kam tha, analysts ki expectation se thoda zyada 33% hi badha tha, mainly treasury income mein kami ke karan. Operating expenses bhi 21% badh gaye, ₹2.1 billion tak pahunch gaye, jo ki analysts ke calculation mein fit tha. Employee benefits ke liye bhi kuch provision ki gayi hai. Lekin PPoP (Profit Before Provisioning and Depreciation) 10% badh kar ₹4.3 billion ho gaya, jo ki ek positive sign hai. Credit costs bhi control mein the, annualized 1.5% ke aas paas rahe.
Ab future ki taraf dekhte hain. Motilal Oswal ka andaaza hai ki FY26 se FY28 tak AUM (Assets Under Management) mein 21% ka CAGR aur PAT mein 15% ka CAGR dekhne ko mil sakta hai. FY28 tak, RoA 6.9% aur RoE 16% tak pahunchne ki ummeed hai. In sab growth prospects aur current valuation (1.5 times FY27 P/BV) ko dekh kar, brokerage ne ₹590 ka target diya hai. Toh agar aapne hold kar rakha hai, toh abhi achha upside dikh raha hai.