Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Cholamandalam Investment to report net profit at Rs. 465 crore up 8% year-on-year (up 91% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 30 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 1,222 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 43% Y-o-Y (up 10 percent Q-o-Q) to Rs. 911 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
