KR Choksey has come out with its second quarter (July-September’ 19) earnings estimates for the NBFC sector. The brokerage house expects Bajaj Finserv to report net profit at Rs. 1,817 crore up 52.6% year-on-year (up 25% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 29.9 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 12,602 crore, according to KR Choksey.
Pre Provision Profit (PPP) is likely to rise by 49.1% Y-o-Y (up 19.7 percent Q-o-Q) to Rs. 2,699 crore.
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