Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Magma Fincorp to report net profit at Rs. 75.4 crore up 100% year-on-year.
Net Interest Income (NII) is expected to increase by 14.1 percent Y-o-Y (down 4.3 percent Q-o-Q) to Rs. 308.6 crore, according to Emkay Research.
Pre Provision Profit (PPP) is likely to rise by 20.7% Y-o-Y (down 12.6 percent Q-o-Q) to Rs. 163.5 crore.
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