Moneycontrol
Feb 02, 2012 02:04 PM IST | Source: CNBC-TV18

Manappuram Finance PAT likely to rise 99% in Q3

Manappuram Finance, a non-banking financing company, is likely to report a profit after tax of Rs 148 crore in the third quarter of FY12, a massive growth of 99% as compared to Rs 74.5 crore in a year ago quarter.

Manappuram Finance PAT likely to rise 99% in Q3

Manappuram Finance, a non-banking financing company, is likely to report a profit after tax of Rs 148 crore in the third quarter of FY12, a massive growth of 99% as compared to Rs 74.5 crore in a year ago quarter.


Net interest income is seen going up 76% to Rs 410 crore from Rs 233.4 crore year-on-year.


Expectations


- Accretion in AUM continues to remain strong


- AUM to grow by 12%


- Spreads may see some pressure QoQ


- Some decline in margins due to higher funding cost

- PAT to remain strong due to robust growth in loan book

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