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PFC may post 5% fall in Q2 profit, loan growth seen in double digits

Net interest income during the quarter may increase 1.7 percent to Rs 2,915.1 crore, compared with Rs 2,867 crore in same period last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

November 02, 2017 / 05:51 PM IST
 
 
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State-run Power Finance Corporation's second quarter profit is seen falling 5.3 percent year-on-year to Rs 1,774 crore, against Rs 1,873 crore in year-ago quarter.

Net interest income during the quarter may increase 1.7 percent to Rs 2,915.1 crore, compared with Rs 2,867 crore in same period last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Analysts expect pressure on earnings - both net interest income and profit.

Key things to watch out for:-

Analysts feel if gross non-performing assets improve (against 12.46 percent in Q1FY18) and loan growth comes in double digits then that will be taken positively by the Street.
first published: Nov 2, 2017 05:51 pm

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