Shriram Transport Finance Q3 PAT seen up 4% at Rs 314.4 cr

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Shriram Transport Finance Q3 PAT seen up 4% at Rs 314.4 cr

Shriram Transport Finance, a non-banking finance company, is likely to report a profit after tax of Rs 314.4 crore in the October-December quarter of FY12, a growth of 4% as compared to Rs 301.4 crore in a year ago quarter

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Shriram Transport Finance , a non-banking finance company, is likely to report a profit after tax of Rs 314.4 crore in the October-December quarter of FY12, a growth of 4% as compared to Rs 301.4 crore in a year ago quarter.

Net interest income is expected to be flat at Rs 835 crore versus Rs 836.6 crore year-on-year.

Expectations

- Disbursements likely to be flat YoY

- Asset quality likely to remain healthy
* But slippages might increase

- NIMs may come down by 20-25 bps due to rise in cost of funds

- Loan growth to remain weak 10-12% yoy

- Asset quality/guidance on loan book are key watchables