Equitas Q1 Net Profit seen up 87% YoY to Rs. 66.3 cr: Kotak
Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects Equitas to report net profit at Rs. 66.3 crore up 87% year-on-year (down 4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 40 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 356.8 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 80% Y-o-Y (up 8 percent Q-o-Q) to Rs. 137 crore.
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