Arihant Capital has come out with its third quarter (October-December’ 20) earnings estimates for the Banking & NBFC sector. The brokerage house expects to report net profit at Rs. 65 crore down 33% year-on-year (down 21% quarter-on-quarter).
Net Interest Income (NII) is expected to decrease by 12 percent Y-o-Y (down 14 percent Q-o-Q) to Rs. 286 crore, according to Arihant Capital.
Pre Provision Profit (PPP) is likely to fall by 15% Y-o-Y (down 29 percent Q-o-Q) to Rs. 161 crore.
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