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    HomeNewsBusinessEarningsShriram City Union Q2 profit may jump 22%, NII seen up 19%

    Shriram City Union Q2 profit may jump 22%, NII seen up 19%

    Shriram City Union Finance is expected to report a 22.5 percent growth in second quarter profit at Rs 186.5 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18.

    October 26, 2016 / 16:19 IST
       
       
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      Shriram City Union Finance is expected to report a 22.5 percent growth in second quarter profit at Rs 186.5 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18.

      Net interest income, the difference between interest earned and interest expended, may grow 18.9 percent to Rs 714.4 crore in the quarter ended September 2016 compared with Rs 601 crore in same period last year.

      Analysts say if gross non-performing assets come below 5.3 percent (against 5.11 percent in Q1), assets under management growth above 15 percent (against 17.1 percent in Q1) and net interest margin above 12 percent (13.7 percent in Q1) then that will be positive.

      first published: Oct 26, 2016 04:19 pm

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