ICICI Prudential life Q2 Net Profit may dip 50.5% YoY to Rs. 150.2 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Insurance sector. The brokerage house expects ICICI Prudential life to report net profit at Rs. 150.2 crore down 50.5% year-on-year.

Net Interest Income (NII) is expected to increase by 15.6 percent Y-o-Y (up 50 percent Q-o-Q) to Rs. 9,905.7 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to fall by 51.1% Y-o-Y (down 174.7 percent Q-o-Q) to Rs. 161.2 crore.

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