Kotak Securities has come out with its first quarter (April-June) earnings estimates for the financials sector. The brokerage house expects LIC Housing Finance to report a 5.1 percent degrowth quarter-on-quarter (rise of 31.8 percent year-on-year) in net profit at Rs 300.1 crore.
Net interest income is expected to decrease by 3.2 percent Q-o-Q (up 27.3 percent Y-o-Y) to Rs 446 crore, according to Kotak Securities.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
