L&T Finance Holding Q3 Net Profit seen up 51.3% YoY to Rs. 581 cr: Sharekhan

Sharekhan has come out with its third quarter (October-December’ 18) earnings estimates for the Banking & NBFC sector. The brokerage house expects L&T Finance Holding to report net profit at Rs. 581 crore up 51.3% year-on-year (up 3.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 27.9 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 1,625.5 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 28.6% Y-o-Y (up 11 percent Q-o-Q) to Rs. 1,210 crore.

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