LIC Housing Q1 Net Profit seen up 537.3% YoY to Rs. 977.8 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Banks sector. The brokerage house expects LIC Housing to report net profit at Rs. 977.8 crore up 537.3% year-on-year (down 12.6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 30.5 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 1,660.8 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 51.2% Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 1,547.3 crore.

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