Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Bajaj Finance to report net profit at Rs. 1,299 crore up 55.4% year-on-year (up 10.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 47.5 percent Y-o-Y (up 11.8 percent Q-o-Q) to Rs. 3,796 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 58.3% Y-o-Y (up 15.7 percent Q-o-Q) to Rs. 2,570 crore.
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