ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the BFSI sector. The brokerage house expects HDFC to report net profit at Rs. 3,628.1 crore up 47.1% year-on-year (up 13.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 16.5 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 2,808.2 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is likely to rise by 50.1% Y-o-Y (up 19.8 percent Q-o-Q) to Rs. 5,839 crore.
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