Mahindra Finance Q1 Net Profit seen up 56.4% YoY to Rs. 243.7 cr: Emkay Research

Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Mahindra Finance to report net profit at Rs. 243.7 crore up 56.4% year-on-year (up 62.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 2.9 percent Y-o-Y (down 6.3 percent Q-o-Q) to Rs. 1,415.5 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to fall by 4.0% Y-o-Y (down 5.1 percent Q-o-Q) to Rs. 1,003.2 crore.

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