Arihant Capital has come out with its third quarter (October-December’ 20) earnings estimates for the Banking & NBFC sector. The brokerage house expects Manappuram Finance to report net profit at Rs. 37.9 crore down 5% year-on-year (down 7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 3 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 982 crore, according to Arihant Capital.
Pre Provision Profit (PPP) is likely to rise by 5% Y-o-Y (down 5 percent Q-o-Q) to Rs. 607 crore.
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