The aggregate net profit of the 12 non-banking finance companies that are part of the Nifty 200 rose 20% on year, just a little over the 19% projected by analysts for the sector. These companies also comfortably beat the 10% profit growth analysts had estimated for the Nifty 200 universe. Of these 12 companies, the bottom line growth of seven outpaced that of the sector, while that of the other five came in below the sector estimate. The net profit of two companies--Housing and Urban Development Corp. Ltd. and Mahindra and Mahindra Financial Services Ltd.--increased at twice the projected rate of growth for the whole sector.
Share this Story:
