M&M Financial Q4 profit seen down 4% at Rs 355 cr; collection efficiency key

Non-banking finance company M&M Financial Services is expected to show 4.1 percent fall in its profit at Rs 355.3 crore for January-March quarter against Rs 370.3 crore in same quarter last year.

According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 6.2 percent year-on-year to Rs 1,063.1 crore in the quarter ended March 2017.

Collection efficiency, which will be the key factor to monitor, is expected to show a positive trend.

Analysts say if spreads come above 7.5 percent and gross non-performing assets fall below 11.5 percent then that will be considered positive by the Street.