LIC Housing Finance Q4 Net Profit seen up 6.2% YoY to Rs. 572.6 cr: Kotak

Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector.  The brokerage house expects LIC Housing Finance to report net profit at Rs. 572.6 crore up 6.2% year-on-year (down 4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 1.6 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 1019.4 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to rise by 4.9% Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 909.3 crore.

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