Prakash Diwan of Altamount Capital Management says he is worried on two parameters – One is there is yet no visibility of softening in the net non-performing assets (NPAs). Two, lack of credit growth is becoming a big concern.
The company had posted a net profit of Rs 102.23 crore in January-March 2014-15, it said in a BSE filing.
One-off expense or extraordinary item could have cost the margins to decline so much, said Ravi Menon, Elara Capital in an interview with CNBC-TV18.
Murugappa group's firm Tube Investments posted a dip of 4.75 percent in its consolidated net profit at Rs 80.74 crore for the first quarter that ended in June.