Cholamandalam Investment and Finance Q2 Net Profit seen up 33.6% YoY to Rs. 577.1 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the NBFC sector. The brokerage house expects Cholamandalam Investment and Finance to report net profit at Rs. 577.1 crore up 33.6% year-on-year (up 76.6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 8.2 percent Y-o-Y (up 0.1 percent Q-o-Q) to Rs. 1,269 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 4.6% Y-o-Y (down 5.2 percent Q-o-Q) to Rs. 940.7 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.