Manappuram Finance Q1 Net Profit may dip 26% YoY to Rs. 324 cr: Arihant Capital

Arihant Capital has come out with its first quarter (April-June’ 22) earnings estimates for the Banking & NBFC sector. The brokerage house expects Manappuram Finance to report net profit at Rs. 324 crore down 26% year-on-year (up 24% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 9 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 976 crore, according to Arihant Capital.

Pre Provision Operating Profit (PPOP) is likely to fall by 25% Y-o-Y (up 6 percent Q-o-Q) to Rs.526 crore.

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