Shriram City Union Finance Q4 net may fall 9%, NII seen up 12%

Shriram City Union Finance may report net profit at Rs 136 crore in January-March quarter, down 9 percent from Rs 150 crore in corresponding quarter last fiscal. According to a CNC-Tv18 poll, net interest income (NII) is seen up 12 percent at Rs 629 crore against Rs 562 crore on annual basis.

Here are key things to watch out#Migration to 150 dpd NPA norms could put some pressure on the asset quality. #This in turn could lead to increase in provision expenses and thereby hurting profitability#Assets under management (AUM) to grow between 16-18 percent#Net interest margins to decline on account of defaults