Shriram Transport Finance Q1 Net Profit seen up 97.5% YoY to Rs. 632.1 cr: Emkay Research

Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Shriram Transport Finance to report net profit at Rs. 632.1 crore up 97.5% year-on-year (down 16.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 18.6 percent Y-o-Y (down 0.1 percent Q-o-Q) to Rs. 2,178.1 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to rise by 11.4% Y-o-Y (up 0.3 percent Q-o-Q) to Rs. 1,666.3 crore.

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