HDFC AMC Q2 Net Profit seen up 57% YoY to Rs. 323 cr: KR Choksey

KR Choksey has come out with its second quarter (July-September’ 19) earnings estimates for the NBFC sector. The brokerage house expects HDFC AMC to report net profit at Rs. 323 crore up 57% year-on-year (up 10.8% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 10.4 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 531 crore, according to KR Choksey.

Pre Provision Profit (PPP) is likely to rise by 51.4% Y-o-Y (up 1.6 percent Q-o-Q) to Rs. 402 crore.

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