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Last Updated : Oct 21, 2016 12:33 PM IST | Source: Moneycontrol.com

CARE Ratings Q2 PAT seen up 74.7% to Rs 43.1 cr: Centrum

Net Interest Income is expected to increase by 49.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 85.3 crore, according to Centrum.

 
 
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Centrum has come out with its second quarter (July-September) earnings estimates for the Financials sector. The brokerage house expects CARE Ratings to report net profit at Rs 43.1 crore, up 74.7 percent quarter-on-quarter.


Net Interest Income is expected to increase by 49.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 85.3 crore, according to Centrum.


Centrum's report on CARE Ratings


EBIDTA at Rs 593mn is expected to grow 6% YoY. We expect EBIDTA margins at 69.5%. Q2’17 will see CARE report income from FMP investments.


After adjusting for the same, we expect net profit at Rs 431mn to grow 14% YoY. We remain positive on the stock and will revisit our TP and numbers post Q2’17 results.

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.

First Published on Oct 21, 2016 12:33 pm
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