IIFL Wealth Management Q2 Net Profit seen up 39.7% YoY to Rs. 121.8 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the NBFC sector. The brokerage house expects IIFL Wealth Management to report net profit at Rs. 121.8 crore up 39.7% year-on-year (up 4.2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 38.1 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 292.7 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 73.1% Y-o-Y (up 3.7 percent Q-o-Q) to Rs. 135.2 crore.

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