*PFC: Highlights*

PFC to announce Q2 result today during mkt hours:

1) Denofwealth estimates PAT to beat street estimates. In fact *PAT Q2 WILL be higher Vs CNBC estimate of 1770cr, HIGHER YoY as well QoQ*

2) LOAN BOOK: Can be 2.18 lac Crores Vs 1.85 lac Crores YoY

3) PFC on 15th July has already upgraded NPAs worth 11000 Crores.

4) ASSET QUALITY:Hence, Gnpa and Nnpa bound to decline

5) *BOOK VALUE 143*

6) _Cost to Income Ratio just 1.75%_

7) Business per Employee: Around 500cr

8) Profit per Employee: Around 15 crore

9) PUBLIC SECTOR accounts for 83-85% of Loan portfolio. Hence *80% of NPAs likely to be standard by FY19*

10) DIVIDEND YIELD: At cmp, tax free *Dividend yield for FY18 can be 7-8%*

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Can be 155 November end