ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Reliance Capital to report net profit at Rs. 378.9 crore down 9.1% year-on-year (up 20.3% quarter-on-quarter).
Net Interest Income is expected to increase by 6.1 percent Y-o-Y (up 13.1 percent Q-o-Q) to Rs. 5,397.7 crore, according to ICICI Direct.
ICICI Direct’s earnings estimates for Reliance Capital
Expect bottomline to be Rs. 379 crore, being a usual quarter with capital gains from AMC due to stake inflow seen. Consolidated revenues seen rising 6% YoY to Rs. 5,398 crore (not comparable as AMC not consolidated since last quarter). Life insurance and general insurance are expected to report an improvement in premium growth. AMC is expected to report PBT of Rs. 120 crore, AUMs are seen flat QoQ led by equity market corrections and debt yields rising. Loan growth in HFC seen 50% YoY and commercial finance growth at 10-11% YoY.
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