October 21, 2016 / 12:37 IST
Centrum has come out with its second quarter (July-September) earnings estimates for the Financials sector. The brokerage house expects
Satin Creditcare to report net profit at Rs 23.89 crore, down 2.8 percent quarter-on-quarter.
Net Interest Income is expected to increase by 2.5 percent Q-o-Q (up 68.5 percent Y-o-Y) to Rs 100 crore, according to Centrum.
Centrum's report on Satin Creditcare
We expect SCNL to report strong 69% YoY growth in NII led by healthy 57% YoY growth in AuM and expansion in NIM following reduction in cost of funds. SCNL has raised Rs 2.5b of equity in end-Sept,2016 and will aid in reduction overall costs in H2’17.
For SCNL - Q1’17 GNPA / NNPA were at 0.19% / 0.09%. We expect credit cost to remain higher QoQ and after providing for the same, we expect SCNL to report 66% YoY growth in its net profit.
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