Prabhudas Lilladher has come out with its second quarter (July-September' 22) earnings estimates for the Financial Services sector. The brokerage house expects Bajaj Finance to report net profit at Rs. 2,876.8 crore up 94.2% year-on-year (up 10.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 30 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 5,576.9 crore, according to Prabhudas Lilladher.
Pre Provision Operating Profit (PPOP) is likely to rise by 39.3% Y-o-Y (up 8.1 percent Q-o-Q) to Rs. 4,604.1 crore.
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