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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.
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.
Net Sales are expected to increase by 8.8 percent Y-o-Y to Rs. 883.2 crore, according to Motilal Oswal.
Total income of the company increased to Rs 1,515.81 crore during the quarter
Analysts said if disbursement growth comes above 15 percent (10.2 percent in Q2), AUM growth above 15 percent (16.4 percent in Q2) and gross non-performing assets below 7 percent (6.91 percent) then that would be taken positively by the Street.
Shriram City Union Finance posted a good set of Q1 earnings. In an interview to CNBC-TV18, YS Chakravarti, ED and COO of the company spoke about all the details on their earnings.
All parts of balancesheet on the loan side have done well in the first quarter, said Romesh Sobti, MD & CEO, IndusInd Bank.
Key things to watch out for would be disbursement growth, asset under management and asset quality.
Non-banking finance company Shriram City Union Finance's profit in Q3 may grow 13.1 percent year-on-year to Rs 193 crore and net interest income is seen rising 15.2 percent to Rs 745.9 crore.
Shriram City Union Finance is expected to report a 22.5 percent growth in second quarter profit at Rs 186.5 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18.
The company's cost of funds declined to 10 percent from 10.8 percent during the June quarter, says Subhasri Sriram, Executive Director and Chief Financial Officer, Shriram City Union Finance
Net interest margins may decline on account of defaults.
In an interview with CNBC-TV18, Small enterprise, 2-wheeler focus areas for FY16: Shriram said reduction in cost of capital and other expenses boosted the June quarter results.
Shriram City Union Finance on Thursday said its net profit rose by 10.7 percent to Rs 142.94 crore in the third quarter ended December, 2014-15.
Non-banking finance company Shriram City Union Finance will announce its third quarter earnings today. Profit after tax is likely to increase 14 percent to Rs 128 crore from Rs 112.5 crore.
Chennai-based Shriram City Union (SCU) is likely to see an increase of 35-40 basis points in its cost of funds due to change in fund raising guidelines by the Reserve Bank of India (RBI), which mandated some restrictions on fund raising through privately held debentures.
GS Sundararajan, MD Shriram City Union expects to see robust growth for the next three quarters given the impetus in micro, small and medium enterprises (MSME), two-wheeler and retail space.
Shriram City Union Finance posted a profit after tax (PAT) of 35 percent to Rs 112.5 crore vs Rs 83 crore in a year ago period. Subhasri Sriram, executive director of the company tells CNBC-TV18 that the cost of funds came off, but is yet to reach a comfortable level.