Dolat Capital's research report on Jubilant Foodworks
The bank reported a robust 77% QoQ growth in profits aided by an expansion in NIMs, an improved C/I (on robust other incomes), and improved asset quality; notwithstanding a higher provision cover (up 690 bps). Lower additions and stronger recoveries improved asset quality and the watchlist.
Outlook
With a tailing credit costs and favourable NIMs, we expect PAT CAGR of 55 % over FY19-21 and RoA to expand 40 bps to 1.1%
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