Manappuram Finance PAT likely to rise 99% in Q3

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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.

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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