Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Financial Services sector. The brokerage house expects SBI Cards to report net profit at Rs. 553.7 crore up 43.5% year-on-year (up 5.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 23.3 percent Y-o-Y (up 10 percent Q-o-Q) to Rs. 1,228.2 crore, according to Prabhudas Lilladher.
Pre Provision Operating Profit (PPOP) is likely to rise by 14.8% Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 1,313.2 crore.
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