Spandana Spoorthy Q1 Net Profit may dip 19% YoY to Rs. 48 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Spandana Spoorthy to report net profit at Rs. 48 crore down 19% year-on-year (down 3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 5 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 277 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 4% Y-o-Y (up 3 percent Q-o-Q) to Rs. 290 crore.

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