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The Economic Times
The Economic Times
Business

NBFCs enter new cyclical recovery, PAT seen rising 24% in FY27: Motilal Oswal

New Delhi [India]: Non-banking financial companies (NBFCs) are entering a new cyclical recovery, with improving loan growth, asset quality and profitability expected to drive a broad-based earnings upgrade, Motilal Oswal Financial Services said in a report.

The brokerage expects profit after tax (PAT) for its NBFC coverage universe to grow 24 per cent in FY27 and 18 per cent in FY28, as the first-quarter earnings season validated a recovery that is increasingly being supported by multiple factors rather than only lower credit costs.

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