LIC Housing Finance Q3 Net Profit seen up 8.3% YoY to Rs. 531.9 cr: Kotak

Kotak has come out with its third quarter (October-December’ 18) earnings estimates for the Banks & Diversified Financials sector. The brokerage house expects LIC Housing Finance to report net profit at Rs. 531.9 crore up 8.3% year-on-year (down 7.2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 8.3 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 971.7 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to rise by 16.6% Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 938.7 crore.

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