L&T Finance holding Q1 Net Profit seen up 18% YoY to Rs. 175 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects L&T Finance holding to report net profit at Rs. 175 crore up 18% year-on-year (down 35% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 12 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 1,408 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 18% Y-o-Y (down 18 percent Q-o-Q) to Rs. 1,154 crore.

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