Shriram Transport Q3 profit seen up 4%, NII may grow 3%

Non-banking finance company Shriram Transport Finance is expected to report a 4.3 percent growth in third quarter profit at Rs 391.3 crore year-on-year.

January 31, 2017 / 11:09 IST

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Non-banking finance company Shriram Transport Finance is expected to report a 4.3 percent growth in third quarter profit at Rs 391.3 crore year-on-year.

Net interest income during the quarter is seen rising 3.3 percent to Rs 1,342.9 crore from Rs 1,300.2 crore in same quarter last year.

Analysts say if net interest margin comes above 7.2 percent (against 7.14 percent in Q2) and gross non-performing assets below 6.75 percent (against 6.58 percent in Q2) then that will be positive.

Management commentary w.r.t freight market pick up will be keenly watched.

first published: Jan 31, 2017 08:09 am

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