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    HomeNewsBusinessEarningsManappuram Finance Q2 PAT seen up 6% to Rs 170.2 cr: KR Choksey

    Manappuram Finance Q2 PAT seen up 6% to Rs 170.2 cr: KR Choksey

    Net Interest Income is expected to increase by 0.7 percent Q-o-Q (up 57.5 percent Y-o-Y) to Rs 481.8 crore, according to KR Choksey.

    October 21, 2016 / 17:37 IST
       
       
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      KR Choksey has come out with its second quarter (July-September) earnings estimates for the Financial Services sector. The brokerage house expects Manappuram Finance to report net profit at Rs 170.2 crore, up 6.1 percent quarter-on-quarter.

      Net Interest Income is expected to increase by 0.7 percent Q-o-Q (up 57.5 percent Y-o-Y) to Rs 481.8 crore, according to KR Choksey.
      KR Choksey's report on Manappuram FinanceWith higher disbursements and in turn elevated AUMs during the quarter to drive NII; NII expected to clock robust 57%+ y/y growth. The overall asset quality too should stand in good stead. PAT to record healthy growth on lower base.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.

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      first published: Oct 21, 2016 05:37 pm

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