Shriram Finance Q3 Net Profit seen up 58.9% YoY to Rs. 1,081.5 cr: Prabhudas Lilladher

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.

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