Shriram Transport Finance Corporation's July-September quarter profit is likely to increase 13 percent year-on-year to Rs 340.8 crore and net interest income may jump 17.8 percent to Rs 1,186 crore, according to analysts polled by CNBC-TV18.
Gross non-performing loans and commentary on equipment finance will be key parameters to monitor. Equipment finance merger is likely to be completed by Q4FY16. Hence, reported standalone GNPL may be only from commercial vehicle business.
Gross non-performing assets in Q1FY16 was (on absolute basis) up 12.4 percent and (in ratio terms) up 27 basis points on sequential basis.
Asset under management growth is estimated at around 10-12 percent in second quarter against 11 percent in first quarter of FY16. Calculated net interest margin may improve due to lower cost of funds. NIM in Q1 stood at 6.76 percent against 6.67 percent Q-o-Q and 6.54 percent Y-o-Y.
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