Motilal Oswal has come out with its fourth quarter (January-March’ 19) earnings estimates for the Life Insurance sector. The brokerage house expects ICICI Prudential Life to report net profit at Rs. 269.2 crore down 21% year-on-year (down 9.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 20 percent Y-o-Y (up 38.9 percent Q-o-Q) to Rs. 10,391.1 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 0.6% Y-o-Y (up 22.2 percent Q-o-Q) to Rs. 363.6 crore.
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