Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects L&T Finance Holding to report net profit at Rs. 589 crore up 9.2% year-on-year (up 6.8% quarter-on-quarter).
Net Interest Income (NII) is expected to decrease by 13.5 percent Q-o-Q (up 7.8 percent Q-o-Q) to Rs. 1,321 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to fall by 12.8% Y-o-Y (up 12.8 percent Q-o-Q) to Rs. 1,016 crore.
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