Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects HDFC Life Insurance to report net profit at Rs. 406 crore up 13.6% year-on-year (up 28.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 26.4 percent Y-o-Y (up 25.6 percent Q-o-Q) to Rs. 18,061.9 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to rise by 34.2% Y-o-Y (up 37.2 percent Q-o-Q) to Rs. 1,200.9 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.