LIC Housing Fin Q2 Net Profit may dip 21.5% YoY to Rs. 620.6 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 LIC Housing Fin to report net profit at Rs. 620.6 crore down 21.5% year-on-year (up 304.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 7.6 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 1,332.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 5.6% Y-o-Y (up 15.1 percent Q-o-Q) to Rs. 1,183.1 crore.

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