Manappuram Finance Q2 Net Profit seen up 2.3% YoY to Rs. 414.9 cr: Motilal Oswal

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.

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