Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects Max Financial Services to report net profit at Rs. 121.5 crore down 28.9% year-on-year (up 14.7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 16.1 percent Y-o-Y (down 55.1 percent Q-o-Q) to Rs. 3,193 crore, according to Motilal Oswal.
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