Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects LIC Housing Finance to report net profit at Rs. 777 crore down 5% year-on-year (up 95% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 24 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 1,514 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 30% Y-o-Y (up 5 percent Q-o-Q) to Rs. 1,399 crore.
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