Moneycontrol PRO
HomeNewsBusinessEarningsM&M Financial Q2 profit seen up 7%, margin pressure may continue

M&M Financial Q2 profit seen up 7%, margin pressure may continue

Mahindra & Mahindra Financial Services' profit during July-September quarter may increase 7.1 percent year-on-year to Rs 156.6 crore on lower provisioning, according to consensus estimates.

October 24, 2016 / 15:35 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Mahindra & Mahindra Financial Services' profit during July-September quarter may increase 7.1 percent year-on-year to Rs 156.6 crore on lower provisioning, according to consensus estimates.

    Net interest income is likely to decline 2.7 percent to Rs 744.8 crore in the quarter ended September 2016 compared with Rs 765.8 crore in same period last year.

    Loan growth may remain moderate at 10-11 percent during the quarter while margin may remain under pressure due to shift to low yielding portfolio.

    If gross non-performing assets fall below 11.5 percent then that will be positive, say analysts.

    Commentary on collection efficiency will be keenly watched.

    first published: Oct 24, 2016 03:35 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347