Shriram Transport Fin Q2 Net Profit seen up 3.5% YoY to Rs. 708.2 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 Transport Fin to report net profit at Rs. 708.2 crore up 3.5% year-on-year (up 316.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 0.8 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 2,053.3 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 1.3% Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 1,596.8 crore.

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