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Last Updated : Oct 21, 2016 12:38 PM IST | Source: Moneycontrol.com

Ujjivan Financial Q2 PAT seen down 9.8% to Rs 64.35 cr: Centrum

Net Interest Income is expected to increase by 2.5 percent Q-o-Q (up 47.1 percent Y-o-Y) to Rs 206.27 crore, according to Centrum.

 
 
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Centrum has come out with its second quarter (July-September) earnings estimates for the Financials sector. The brokerage house expects Ujjivan Financial to report net profit at Rs 64.35 crore, down 9.8 percent quarter-on-quarter.


Net Interest Income is expected to increase by 2.5 percent Q-o-Q (up 47.1 percent Y-o-Y) to Rs 206.27 crore, according to Centrum.


Centrum's report on Ujjivan Financial


We expect 47% YoY growth in NII led by 50% YoY growth in AuMs. Margins are set to moderate following shift in portfolio mix.


After providing for NPAs, we expect net profit to grow 67% YoY. On a sequential basis, we expect operating profit / net profit to decline 7% / 10% QoQ. Stock trades at 2.8x FY18E ABV. Retain Sell.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Oct 21, 2016 12:38 pm
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