Ujjivan Financial Services' third quarter (October-December) profit is expected to fall sharply by 36.7 percent YoY but sequentially there could be improvement from loss of Rs 12 crore in Q2FY18.
Profit is expected to be at Rs 27.8 crore in Q3FY18 against Rs 43.9 crore in previous year, according to average of estimates of analysts polled by CNBC-TV18.
Net interest income, the difference between interest earned and interest expended, may fall 3.5 percent year-on-year to Rs 192.5 crore in Q3 but sequentially may increase 17 percent.
Key things to watch out:
Provisions for bad loans are expected to remain high.
Analysts said any improvement in gross non-performing assets (from 4.99 percent in Q2) and net interest margin above 9.5 percent (against 10.55 percent in Q2) will be considered positively by the Street.
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