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Net Interest Income (NII) is expected to increase by 10 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 543 crore, according to Arihant Capital.
Sundaram Finance is a safe bet considering its long demonstrated track record of stable and profitable growth across business and interest rate cycles
Sustainability of asset growth can’t be taken for granted. The steep hike in funding cost would impact interest margin as the entire hike may not be passed on to end-customers.
Asset quality for the company has been steady and the recovery has been solid, said TT Srinivasaraghavan, MD, Sundaram Finance.
“Finance Minister spoke a lot in terms of rural roads and rural irrigation projects. That is an area which potentially speaks to the construction equipment opportunity”, TT Srinivasaraghavan, Managing Director of Sundaram Finance told CNBC-TV18.
Net Interest Income is expected to increase by 13.7 percent Q-o-Q (up 8.6 percent Y-o-Y) to Rs 303.4 crore, according to Centrum.
Lower crude prices and overall macro environment aided growth for the MHCV segment. Now, expectation of a good monsoon is good news for the segment, said Managing Director TT Srinivasaraghavan.
TT Srinivasaraghavan, MD, Sundaram Finance says the infrastructure story is yet to unfold. Only with an overall pick up in economy will the consumer goods business profit.