Shriram City Union Q2 Net Profit seen up 10% YoY to Rs. 282.7 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 Shriram City Union to report net profit at Rs. 282.7 crore up 10% year-on-year (up 35.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 5.7 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 899.7 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 4.5% Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 587.2 crore.

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