LEASING & HIRE PURCHASE Sector: Q3 ( Oct – Dec ’16 ) Results and Analysis
FINANCE – LEASING & HIRE PURCHASE Sector:
Q3 was fantastic as far as LEASING & HIRE PURCHASE sector is concern. Almost all the companies have shown strong performance in the quarter.
For the numbers, the profits of the companies were UP in the range of 11% to 117%, while revenues were up in the range between 3% to 38%.
Market leader BAJAJ FINANCE registered strong growth both in Profit and Income (were up 36% and 32% respectively).
“Bajaj Finance, Cholamandalam, Manappuram and SREI Infra” are the star performer from the sector, while Shriram Transport Finance and the Shriram City Union have shown negative growth in profit (though revenues were up) as compared to the same period last year.
Here is the data:
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