Non-banking finance company Shriram City Union Finance will announce its third quarter earnings today. Here is what the poll of CNBC-TV18 analysts expect from the company.
Earnings Q3FY14 Y-o-Y -Net interest income may jump 7 percent to Rs 455 crore from Rs 425 crore-Profit after tax is likely to increase 14 percent to Rs 128 crore from Rs 112.5 crore
Expectations
-Growth is expected to slow down – in line with the general trend in industry – due to slowing loan growth-Loan growth is expected to be led by small business loans and stable gold loan book-Asset under management ex-gold is expected to grow 20-22 percent-Net interest margin is expected to be stable. It jumped 50 basis points Q-o-Q to 12.1 percent in Q2, hence it is expected to be stable in Q3 as well-Asset quality - watch out for business loan category that saw an inch up in second quarter
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