M&M Financial Q1 Net Profit seen up 2% YoY to Rs. 159 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects M&M Financial to report net profit at Rs. 159 crore up 2% year-on-year (up 6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 3 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 1,385 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 4% Y-o-Y (down 17 percent Q-o-Q) to Rs. 874 crore.

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