Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the NBFC sector. The brokerage house expects Bajaj Finance to report net profit at Rs. 1,251 crore up 30% year-on-year (down 7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 3,790 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 7% Y-o-Y (up 5 percent Q-o-Q) to Rs. 3,205 crore.
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