October 21, 2016 / 12:24 IST
Centrum has come out with its second quarter (July-September) earnings estimates for the Financials sector. The brokerage house expects
MMFS to report net profit at Rs 162.3 crore, up 86.6 percent quarter-on-quarter.
Net Interest Income is expected to increase by 20.8 percent Q-o-Q (up 6.5 percent Y-o-Y) to Rs 815.7 crore, according to Centrum.
Centrum's report on MMFS
We expect MMFS to report 12% / 10% growth in value of assets financed / AuM for Q2’17. The improved growth is following strong volume growth in segments of PV and tractor segment.
Refinancing volumes, too have been on a rise. However, led by pricing pressure and portfolio mix, we expect NII growth to come in at 7% YoY. Operating profit at Rs5.2bn is set to rise 4% YoY.
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