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HomeNewsBusinessEarningsShriram City Union Finance Q3 PAT may rise 14% to Rs 128 cr

Shriram City Union Finance Q3 PAT may rise 14% to Rs 128 cr

Non-banking finance company Shriram City Union Finance will announce its third quarter earnings today. Profit after tax is likely to increase 14 percent to Rs 128 crore from Rs 112.5 crore.

January 30, 2014 / 13:57 IST
     
     
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    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

    first published: Jan 30, 2014 01:57 pm

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