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Last Updated : Jan 23, 2017 06:06 PM IST | Source: CNBC-TV18

L&T Finance Q3 profit, net interest income seen up 17%

L&T Finance Holdings' third quarter consolidated profit is seen rising 16.9 percent to Rs 247.9 crore compared with Rs 212 crore in year-ago period.

 
 
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L&T Finance Holdings' third quarter consolidated profit is seen rising 16.9 percent to Rs 247.9 crore compared with Rs 212 crore in year-ago period.


Net interest income during the quarter is likely to increase 17.8 percent to Rs 948.2 crore against Rs 805.2 crore in same quarter last year, according to average of estimates of analysts polled by CNBC-TV18.


Overall earnings growth may remain low due to higher credit cost. Scale down of de-focused business will be another key point to watch out for.

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Analysts say if gross non-performing assets come below 4.8 percent in Q3 (against 4.7 percent in Q2) then that will be positive.



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First Published on Jan 23, 2017 06:06 pm
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