HDFC AMC Q1 Net Profit seen up 9.3% YoY to Rs. 330.3 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects HDFC AMC to report net profit at Rs. 330.3 crore up 9.3% year-on-year (down 10.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 15.9 percent Y-o-Y (down 5.9 percent Q-o-Q) to Rs. 569.6 crore, according to ICICI Direct.

Pre Provision Profit (PPP) is likely to rise by 15.8% Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 440.4 crore.

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