Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Financial Services sector. The brokerage house expects Cholamandalam to report net profit at Rs. 593.8 crore up 13.4% year-on-year (up 5.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 16.4 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 1,726.9 crore, according to Prabhudas Lilladher.
Pre Provision Operating Profit (PPOP) is likely to rise by 11.7% Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 1,083.3 crore.
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