Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Financial Services sector. The brokerage house expects Shriram Finance to report net profit at Rs. 1,081.5 crore up 58.9% year-on-year (up 1.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 13.6 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 2,571.5 crore, according to Prabhudas Lilladher.
Pre Provision Operating Profit (PPOP) is likely to rise by 12.6% Y-o-Y (up 1.6 percent Q-o-Q) to Rs. 2,147.3 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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!
