CARE Ratings Ltd · NSE:CARERATING
CARE Ratings — Q3 FY2021 Earnings Presentation
17 slides from CARE Ratings's earnings presentation, Feb 6, 2021
Slide 1: Investor Presentation: Q3 FY21 and 9M-FY21
Investor Presentation: Q3 FY21 and 9M-FY21 February 6, 2021 CARE Ratings Limited
Slide 2: Contents
Investor Presentation – Q3-FY21 and 9M – FY21 Contents Financial & MCR Economic Business Backdrop Performance 2
Slide 3: Financial Performance – Q3 FY21
– Q3-FY21 and 9M – FY21 Investor Presentation Financial Performance – Q3 FY21 Rs. Crore Standalone Consolidated % Change % Change Particulars Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Total Income 57.23 54.83 -4% 63.25 63.72 1% Total Expenses 36.00 33.78 -6% 40.79 39.55 -3% Profit Before Tax (PBT) 21.23 21.05
Slide 4: Financial Performance – 9M FY21
Investor Presentation – Q3-FY21 and 9M – FY21 Financial Performance – 9M FY21 Rs. Crore Standalone Consolidated 9M 9M % Change % Change Particulars 9M FY20 9M FY21 FY20 FY21 Total Income 185.55 176.96 -5% 201.70 194.49 -4% Total Expenses 103.49 93.79 -9% 117.97 110.28 -7% Profit Before Tax (PBT) 82.
Slide 5: Contents
– Q3-FY21 and 9M – FY21 Investor Presentation Contents Financial & MCR Economic Business Backdrop Performance 5
Slide 6: Modified Credit Ratio
Investor Presentation – Q3-FY21 and 9M – FY21 Modified Credit Ratio What is MCR? The MCR is defined as the ratio of (upgrades and reaffirmations) to (downgrades and reaffirmations) The credit quality of the rated entities as measured by CARE Rating’s ‘modified credit ratio’ (MCR) at 0.96 for Q3-FY21
Slide 7: Contents
– Q3-FY21 and 9M – FY21 Investor Presentation Contents Financial & MCR Economic Business Backdrop Performance 7
Slide 8: GDP growth and Industrial Production
Investor Presentation – Q3-FY21 and 9M – FY21 GDP growth and Industrial Production GDP growth Industrial Production 10 7.1 10 6.2 5.6 5.7 5.2 4.4 4.1 4.2 5 3.1 0 0.5 -1.9 -7.1 0 -10 -10.6 -16.6 -5 -20 YoY% YoY% -10 -7.5 -30 -33.4 -15 -40 -50 -20 -57.3 -60 -25 -23.9 -70 -30 December January March Sep
Slide 9: Inflation and Exchange rate
– Q3-FY21 and 9M – FY21 Investor Presentation Inflation and Exchange rate 10.0 Inflation Exchange Rate 8.0 May-20 Nov-20 Aug-20 Dec-20 Sep-20 Apr-20 Oct-20 Jun-20 Jul-20 7.6 7.2 7.3 6.0 6.7 6.7 6.9 6.3 6.2 72 4.0 4.6 72.5 YoY% 1.6 73 2.0 1.3 1.3 1.2 73.5 73.5 73.6 0.4 73.5 -0.3 0.0 74.2 74 -1.6 Rs/$
Slide 10: Debt issuances
Investor Presentation – Q3-FY21 and 9M – FY21 Debt issuances 1,72,000 6,00,000 1,71,544 5,55,593 1,71,000 5,00,000 4,60,529 1,70,000 4,00,000 Rs crs Rs crs 1,69,000 3,00,000 1,68,017 1,68,000 2,00,000 1,67,000 1,00,000 1,66,000 - Oct-Dec'19 Oct-Dec'20 Apr-Dec'19 Apr-Dec'20 Source Prime Database (inc
Slide 11: Corporate Bond Market
– Q3-FY21 and 9M – FY21 Investor Presentation Corporate Bond Market Industry % share (April-Dec'20) • Almost 64% of the total issuances during the current fiscal has been from banking/ Banking/Term Lending 32.5 financial services and housing finance Financial Services/Investments 17.6 • Corporate bo
Slide 12: Commercial Paper
Investor Presentation – Q3-FY21 and 9M – FY21 Commercial Paper 20,00,000 Commercial Paper Issuances 17,34,335 • Sectors which have raised the highest funds during 18,00,000 April-December 2020 via the CP market include: 16,00,000 financial services/investment (25%), oil exploration 14,00,000 (18%),
Slide 13: Bank Credit – Change (%)
– Q3-FY21 and 9M – FY21 Investor Presentation Bank Credit – Change (%) 3 3 2.7 2 1.8 1.7 2.5 2 1.8 1 0 1.5 -1 -0.6 YoY% YoY% 1 0.7 -2 0.5 0.4 -1.9 0.1 -3 0 -3.2 -4 -0.5 -5 -0.5 -5 -1 -6 Total Industry Services Total Industry Services Oct-Dec'19 Oct-Dec'20 April-Dec'19 April-Dec'20 Source: RBI Source
Slide 14: Non-performing assets (NPAs)
Investor Presentation – Q3-FY21 and 9M – FY21 Non-performing assets (NPAs) 12 11.2 10 9.3 9.3 8.4 8 7.5 7.5 6 4 2 0 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Sep-20 Source: RBI 14
Slide 15: Liquidity Infusion Measures by the RBI
– Q3-FY21 and 9M – FY21 Investor Presentation Liquidity Infusion Measures by the RBI 3,00,000 OMO operations 2,50,664 2,50,000 Amount Amount Reversals Outstanding 2,00,000 Auctioned Availed LTRO 1,25,000 1,25,117 -1,23,572 1,545 Rs crs 1,50,000 1,37,132 1,39,900 1,00,000 TLRO 1.0 1,00,000 1,00,050 -
Slide 16: GSec yields
Investor Presentation – Q3-FY21 and 9M – FY21 GSec yields – 10 year 6.40 Secondary market – 10 year GSec yields (%): monthly average 6.30 6.20 6.28 6.10 6.00 6.04 6 5.90 5.96 5.92 5.89 5.87 5.89 5.80 5.84 5.82 5.70 5.60 5.50 Apr-20 Sep-20 Jan-21 Jul-20 Aug-20 Nov-20 Dec-20 May-20 Jun-20 Oct-20 Sourc
Slide 17: Thank You
i, Antti j i Thank You