ICICI Prudential life Q3 Net Profit seen up 3.2% YoY to Rs. 312.2 cr: Motilal Oswal

Motilal Oswal has come out with its third quarter (October-December’ 20) earnings estimates for the Banks and Insurance sector. The brokerage house expects ICICI Prudential life to report net profit at Rs. 312.2 crore up 3.2% year-on-year (up 3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 10.2 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 8,960.7 crore, according to Motilal Oswal.

Pre Provision Profit (PPP) is likely to rise by 6.4% Y-o-Y (down 2 percent Q-o-Q) to Rs. 323.3 crore.

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