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Last Updated : Oct 24, 2016 04:42 PM IST | Source: CNBC-TV18

L&T Finance Q2 net seen up 6%, credit cost may impact earnings

Non-banking finance company L&T Finance Holdings' second quarter earnings are likely to be impacted by higher credit cost. Consolidated profit is seen rising 5.6 percent year-on-year to Rs 227.4 crore in Q2, according to consensus estimates.

 
 
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Non-banking finance company L&T Finance Holdings' second quarter earnings are likely to be impacted by higher credit cost. Consolidated profit is seen rising 5.6 percent year-on-year to Rs 227.4 crore in Q2, according to consensus estimates.


Net interest income, the difference between interest earned and interest expended, may grow 7.7 percent to Rs 857.2 crore compared with year-ago period.


Key things to watch out for would be - how business strategy is shaping into the RoE (return on equity) profile and scale down of de-focused business.

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Analysts say if gross non-performing assets in Q2 come below 4.7 percent (4.58 percent in Q1) then that will be positive.



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First Published on Oct 24, 2016 04:42 pm
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