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    HomeNewsBusinessEarningsREC Q2 PAT may rise 18% to Rs 1,128 cr, watch out for NIM

    REC Q2 PAT may rise 18% to Rs 1,128 cr, watch out for NIM

    According to a CNBC-TV18 poll, profit after tax is likely to grow 18 percent year-on-year to Rs 1,128 crore and net interest income may rise 29 percent Y-o-Y to Rs 1,654 crore in three-month period ended September 2013.

    November 13, 2013 / 11:42 IST
       
       
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      State-owned Rural Electrification Corporation (REC) will declare its second quarter (July-September) earnings today. Key factors to watch out for net interest margin for the quarter gone by, which was elevated at 4.96 percent in Q1 - highest in last four years.


      Analysts expect net interest margin to decline by 25 basis points during September quarter.


      Also watch out for growth trends and asset quality; movement in spreads and yields on assets; disbursements; and forex loss due to rupee depreciation.


      Loan growth is expected to be healthy at around 20 percent while mark-to-market loss is estimated at Rs 70 crore as USD 750 million of borrowings were unhedged.


      Analysts do not expect any incremental slippages during July-September quarter.


      According to a CNBC-TV18 poll, profit after tax is likely to grow 18 percent year-on-year to Rs 1,128 crore and net interest income may rise 29 percent Y-o-Y to Rs 1,654 crore in three-month period ended September 2013.

      first published: Nov 13, 2013 11:42 am

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