ICICI Securities has come out with its fourth quarter (January – March’ 24) earnings estimates for the Banking sector. The brokerage house expects Shriram Finance to report net profitat Rs. 1,945.7 crore up 49% year-on-year (up 7% quarter-on-quarter).
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Net Interest Income (NII) is expected to increase by 24 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 5,193.6 crore, according to ICICI Securities.
Pre Provision Operating Profit (PPOP) is likely to rise by 26% Y-o-Y (up 6 percent Q-o-Q) to Rs. 3,895.6 crore.
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