October 21, 2016 / 12:33 PM IST
Centrum has come out with its second quarter (July-September) earnings estimates for the Financials sector. The brokerage house expects
CARE Ratings to report net profit at Rs 43.1 crore, up 74.7 percent quarter-on-quarter.
Net Interest Income is expected to increase by 49.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 85.3 crore, according to Centrum.
Centrum's report on CARE Ratings
EBIDTA at Rs 593mn is expected to grow 6% YoY. We expect EBIDTA margins at 69.5%. Q2’17 will see CARE report income from FMP investments.
After adjusting for the same, we expect net profit at Rs 431mn to grow 14% YoY. We remain positive on the stock and will revisit our TP and numbers post Q2’17 results.
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