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PFC Q1 profit seen up 10%, asset quality may remain stable

Net interest income, the difference between interest earned and interest expended, may grow by 12 percent to Rs 2,571 crore from Rs 2291 crore during the same period. In Q4FY15, it grew by 13 percent.

August 13, 2015 / 16:37 IST
     
     
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    State-run Power Finance Corporation (PFC) is expected to report a 10 percent growth in net profit Rs 1,593.5 crore compared to Rs 1,448.3 crore in the year-ago period, according to a CNBC-TV18 poll. It will announce its earnings on August 14.Net interest income, the difference between interest earned and interest expended, may grow by 12 percent to Rs 2,571 crore from Rs 2291 crore during the same period. In Q4FY15, it grew by 13 percent.

    Loan growth is likely to be healthy at 10-15 percent while net interest margin could see some pressure. Analysts expect net interest margin at 4.6 percent in Q1.Asset quality may remain largely stable during the quarter. In Q4FY15, gross non-performing assets increased 19.5 percent to Rs 2,364 crore and net NPA rose 22.4 percent to Rs 1,890 crore on sequential basis.

    first published: Aug 13, 2015 04:37 pm

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