October 21, 2016 / 12:38 IST
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 FinancialWe 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.
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