Equitas Holdings Q2 Net Profit may dip 48.9% YoY to Rs. 52.6 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects Equitas Holdings to report net profit at Rs. 52.6 crore down 48.9% year-on-year (up 340.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 6.3 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs. 490.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to fall by 14% Y-o-Y (up 14.9 percent Q-o-Q) to Rs. 188.9 crore.

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