Muthoot Finance Q2 Net Profit seen up 10.9% YoY to Rs. 991.7 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 Muthoot Finance to report net profit at Rs. 991.7 crore up 10.9% year-on-year (up 2.1% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 12.1 percent Y-o-Y (up 4.2 percent Q-o-Q) to Rs. 1,773.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 13% Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 1,367.6 crore.

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