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Last Updated : Oct 28, 2016 11:15 AM IST | Source: CNBC-TV18

Bharat Financial Q2 profit may jump 83%, NII seen up 63%

Non-banking finance company Bharat Financial Inclusion (earlier known as SKS Microfinance) is expected to show strong earnings growth in Q2. Profit is seen rising 83 percent year-on-year to Rs 142.4 crore, according to analysts polled by CNBC-TV18.

 
 
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Non-banking finance company Bharat Financial Inclusion (earlier known as SKS Microfinance) is expected to show strong earnings growth in Q2. Profit is seen rising 83 percent year-on-year to Rs 142.4 crore, according to analysts polled by CNBC-TV18.


Net interest income, the difference between interest earned and interest expended, may grow 63 percent to Rs 243.5 crore on yearly basis.

Key things to watch out for would be:
-Cost of funds may decline due to equity raising & decline in wholesale rates
-Asset under management growth (analysts say if it comes above 60 percent (against 76.4 percent in Q1) then that will be positive)
-Asset quality is likely to remain stable
-Recently raised capital (which should strengthen the balance sheet).

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First Published on Oct 28, 2016 11:13 am
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