Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects to report net profit at Rs. 7,853.1 crore up 17.9% year-on-year (down 4.1% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 13.2 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 17,728.4 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 17% Y-o-Y (down 3.4 percent Q-o-Q) to Rs. 15,010.6 crore.
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