Auto companies have uk canada goose outlet seen strong

July 23, 2013 Uncategorized

AUM growth in FY18 as against earlier guidance of 12

canada goose clearance The Shriram Transport Finance Corporationstock has been buzzing after the hangover of the IDFC deal has been done with. Auto companies have uk canada goose outlet seen strong commercial vehicle sales by manufacturers now there are expectations of a pick up in the rural economy. canada goose clearance

In an interview with CNBC TV18, Umesh Revankar, MD ofthe Canada Goose Outlet companyspoke about the latest happenings in his company and sector.

canada goose deals Credit demand is good in Q3FY18, the rural economy is doing good because post harvest there seems to be better canada goose black friday sale demand coming from the rural side, he said. canada goose deals

Canada Goose Outlet Expect return of 18 20% AUM growth; upbeat on demand: Shriram Transport Fin Canada Goose Outlet

cheap Canada Goose Demand is consistent, expect Q4 sales to be bigger than Q3: Shriram Transport cheap Canada Goose

canada goose coats on sale See good demand for used vehicles; disbursement trend good: Shriram Transport Fin canada goose coats on sale

We have a good securitisation arrangement for Q3 and also last quarter will be higher, which will canada goose uk outlet aid in maintaining net interest margins (NIMs), said Revankar.

buy canada goose jacket This year we had canada goose store indicated 12 15 percent assets under management (AUM) growth over the previous canada goose year, we should be able canada goose clearance to do more than that around 15 percent. We expect more investment in the infrastructure next year, he further mentioned. buy canada goose jacket

Canada Goose online Below is the verbatim transcript of the interview. Canada Goose online

canada goose Latha: How has business been in Q3 Canada Goose Coats On Sale itself, we saw some excellent commercial vehicle (CV) sales? canada goose

canada goose black friday sale A: The business has been good. Credit demand is quite canada goose coats on sale good canada goose uk shop as you rightly pointed out. The rural economy is doing quite good because post harvest there seems to be better demand coming from the rural side apart from what happened in the election, the outlay for the rural has been good even in the current budget. So only thing is execution was a little slower maybe now, there will be more focus on the execution. So on the rural infrastructure part of it, I feel there will be more focus and better demand and the rural economy itself is doing well with better harvest and better output canada goose clearance sale of the kharif crop. canada goose black friday sale

canada goose clearance sale I feel winter crop is also likely to be better, good and we should see a continued demand in the rural side. canada goose clearance sale

Canada Goose Jackets Anuj: You have seen the CV sales of last two three months, Canada Goose sale they have been phenomenal. So is this a real recovery in the cycle or is this base effect playing out that is a big question? Canada Goose Jackets

Canada Goose Parka A: It is only base Canada Goose Online effect. You should see month on month, not buy canada goose jacket cheap year on year because you cannot compare with last year’s November and December Canada Goose Parka sales. It is totally out of context. So I feel we should look at month on month. The new heavy vehicle sales canada goose outlet have been good in certain pockets mainly because there is some uk canada goose realignment in the transportation. So people who were earlier used to run the vehicle on the 25 tonners they are moving into 37 tonners because of the overload cheap Canada Goose band in northern belt especially Uttar Pradesh (UP), Bihar and all. So people are moving for 37 tonners. That has been more of a replacement and not exactly because of the new activity. Canada Goose Parka

Latha: Therefore, can you give us some month on month indications? I think you did about Rs 11,000 crore in disbursements Q1, second quarter it shot up to about Rs 12,400 crore, so what should we expect? A substantial jump since this is busy season, Q3 and Q4?

canadian goose jacket A: Q2 has been large mainly because of the fresh demand which was postponed from Q1. So it came into Q2 because of the GST and because of the Euro IV or BS IV. So I feel this quarter should be also on the same line. canadian goose jacket

Having said that, the demand for LCVs have been naturally growing. It is good quarter on quarter and also year on year. So LCV demand is coming because of agri movements and also e commerce activity, e commerce activity has gone up substantially in the last nine months I should say.

Canada Goose sale Latha: Your cost Canada Goose Jackets of funds is about 7.5 percent when you last spoke with us, what is it in Q3 and what would be Canada Goose online your best guess for the next two quarters or calendar 2018? Canada Goose sale

A: Our NIMs were 7.5 percent and cost of funds was around 8.75 9, it is remaining at same level. We have not had any increase. We normally borrow long canada goose factory sale and lend long, we don’t have a short term borrowing because of that we don’t have impact on our cost of borrowing. I don’t think in last quarter also we will have impact because the securitisation programme is going on steadily. So we have a good securitisation arrangement for this quarter and also last quarter will be normally higher than the previous quarters.

canada goose store Anuj: So you will maintain these margins that you have done for last two quarters, 7.5 percent? canada goose store

buy canada goose jacket cheap A: Yes. buy canada goose jacket cheap

Latha: Give us some idea of what kind of a disbursement growth we can look at year on year for all of FY18 and also for FY19, canada goose coats just a broad indication?

A: This year, we had indicated 12 15 percent AUM growth over the previous year. We should be able to do more than that, we should be able to do around 15 percent. We gave a bandwidth of 12 15 percent, it was canadian goose jacket because of the expectation on the monsoon but now the monsoon has been good. We should be able to do around 15. Next year, it should be better because we expect more investment in the infrastructure in road, port, railway and in the rural, all put together. I feel that should give us some additional opportunity to lend better canada goose uk black friday.


Leave a Reply