Bajaj Finserv Q2 Net Profit seen up 45.2% YoY to Rs. 1,021.9 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the BFSI sector. The brokerage house expects Bajaj Finserv to report net profit at Rs. 1,021.9 crore up 45.2% year-on-year (up 20.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 32.9 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs. 12,893.1 crore, according to ICICI Direct.

Pre Provision Profit (PPP) is likely to rise by 33.3% Y-o-Y (up 7 percent Q-o-Q) to Rs. 2,413.6 crore.

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