Shriram City Union Q1 Net Profit seen up 25.4% YoY to Rs. 241.2 cr: Emkay Research

Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Shriram City Union to report net profit at Rs. 241.2 crore up 25.4% year-on-year (down 14.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 2.8 percent Y-o-Y (down 3.2 percent Q-o-Q) to Rs. 898.5 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to fall by 0.7% Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 562.6 crore.

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