Prabhudas Lilladher has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Cholamandalam Investment & Finance to report net profit at Rs. 273.3 crore up 24.5% year-on-year (up 9.7% quarter-on-quarter).
Net Interest Income is expected to increase by 24.9 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 823.6 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher’ earnings estimates on Cholamandalam Investment & Finance
We expect steady loan growth on the back of good CV growth. Likely lowering credit cost to lead to better earnings growth. Margin should likely come down marginally QoQ.
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