Shriram Transport Finance Q4 profit may surge 94% to Rs 279 cr but NII seen down 2%

Analysts say if net interest margin comes above 7.2 percent and gross non-performing assets falls below 6.75 percent (6.58 percent in Q3) then that will be considered positive by the Street.

April 27, 2017 / 12:04 IST

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Non-banking finance company Shriram Transport Finance is expected to report robust growth in fourth quarter bottomline due to low base in year-ago period.

Profit during the quarter is seen rising 93.9 percent year-on-year to Rs 279 crore but net interest income may fall 2.1 percent to Rs 1,412.8 crore, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch out for:

Analysts say if net interest margin comes above 7.2 percent and gross non-performing assets falls below 6.75 percent (6.58 percent in Q3) then that will be considered positive by the Street.

Asset under management growth is expected to moderate towards mid-teens. Management commentary with respect to freight market pick up will be keenly watched.

first published: Apr 27, 2017 12:04 pm

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