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PFC Q3 profit, NII seen up 16%; loan growth may be at 13-15%

Net interest income, the difference between interest earned and interest expended, may rise 15.7 percent to Rs 2,944 crore in quarter ended December 2015 compared to Rs 2,545 crore in year-ago period.

February 08, 2016 / 22:39 IST
     
     
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    State-run Power Finance Corporation (PFC), which provides finance for the electrical power sector, is expected to report strong earnings in Q3FY16. Profit is likely to increase 16.4 percent year-on-year to Rs 1,795.1 crore, according to analysts polled by CNBC-TV18.

    Net interest income, the difference between interest earned and interest expended, may rise 15.7 percent to Rs 2,944 crore in quarter ended December 2015 compared to Rs 2,545 crore in year-ago period. Loan growth is estimated at around 13-15 percent in Q3 against 13 percent in Q2. Margin is likely to be maintained at 5.2-5.3 percent during the quarter.

    Asset quality is a key factor to watch out for in Q3. Analysts expect provisions for bad loans at over Rs 250 crore in December quarter against Rs 380 crore in September quarter.

    first published: Feb 8, 2016 10:39 pm

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