Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects Ujjivan to report net profit at Rs. 66.2 crore up 47% year-on-year (up 4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 46 percent Y-o-Y (up 13 percent Q-o-Q) to Rs. 324.9 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 25% Y-o-Y (up 22 percent Q-o-Q) to Rs. 104.4 crore.
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