HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the BFSI sector. The brokerage house expects Indusind Bank to report net profit at Rs. 30 crore down 78.9% year-on-year (down 0.1% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 6.1 percent Y-o-Y (down 6.6 percent Q-o-Q) to Rs. 3,020 crore, according to HDFC Securities.
Pre Provision Profit (PPP) is likely to fall by 2.2% Y-o-Y (down 10.7 percent Q-o-Q) to Rs. 2,530 crore.
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