Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the NBFC sector. The brokerage house expects Manappuram Finance to report net profit at Rs. 414.9 crore up 2.3% year-on-year (down 5% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 0.6 percent Y-o-Y (down 4.5 percent Q-o-Q) to Rs. 982.4 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to fall by 0.8% Y-o-Y (down 8.7 percent Q-o-Q) to Rs. 646.9 crore.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
