ICICI Prudential life Q1 Net Profit may dip 21.6% YoY to Rs. 275.3 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects ICICI Prudential life to report net profit at Rs. 275.3 crore down 21.6% year-on-year (up 253.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 18.3 percent Y-o-Y (down 44.7 percent Q-o-Q) to Rs. 6,565.9 crore, according to Motilal Oswal.

Pre Provision Profit (PPP) is likely to fall by 21.6% Y-o-Y (up 114.7 percent Q-o-Q) to Rs. 244 crore.

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