KR Choksey has come out with its second quarter (July-September’ 19) earnings estimates for the NBFC sector. The brokerage house expects Cholamandalam Investment & Finance Company to report net profit at Rs. 304 crore down 0.3% year-on-year (down 3.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 11.2 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 812 crore, according to KR Choksey.
Pre Provision Profit (PPP) is likely to rise by 9.3% Y-o-Y (down 3.9 percent Q-o-Q) to Rs. 569 crore.