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Bajaj Finserv Q1 Net Profit may dip 14.1% YoY to Rs. 1,043.3 cr: ICICI Direct

Net Interest Income (NII) is expected to decrease by 2.4 percent Y-o-Y (down 13 percent Q-o-Q) to Rs. 13,846.2 crore, according to ICICI Direct.

July 13, 2021 / 09:03 PM IST
Bajaj Finserv Ltd. | The stock has surged 1004 percent— from Rs 819.35 on  May 16, 2014, to Rs 9049 on January 21, 2021.

Bajaj Finserv Ltd. | The stock has surged 1004 percent— from Rs 819.35 on  May 16, 2014, to Rs 9049 on January 21, 2021.

 
 
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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Bajaj Finserv to report net profit at Rs. 1,043.3 crore down 14.1% year-on-year (down 5.4% quarter-on-quarter).


Net Interest Income (NII) is expected to decrease by 2.4 percent Y-o-Y (down 13 percent Q-o-Q) to Rs. 13,846.2 crore, according to ICICI Direct.


Pre Provision Profit (PPP) is likely to fall by 9.7% Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 2,318.5 crore.


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