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.

October 28, 2016 / 11:15 IST

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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).

first published: Oct 28, 2016 11:13 am

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