IDFC First Bank Q3 Net Profit to Rs. 152.7 cr: Prabhudas Lilladher

Net Interest Income (NII) is expected to increase by 15.2 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 1,766.8 crore, according to Prabhudas Lilladher.

January 20, 2021 / 07:18 PM IST

IDFC | Sipadan Investments (Mauritius) sold 8,26,56,909 equity shares in company at Rs 38.76 per share. However, Abakkus Emerging Oppertunities Fund - 1 bought 1 crore shares at Rs 38.75 per share, Morgan Stanley Asia Singapore Pte 1.32 crore shares at same price and Avendus Absolute Return Fund 1,49,68,257 shares at same price on the BSE.

 
 
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Prabhudas Lilladher has come out with its third quarter (October-December’ 20) earnings estimates for the Banking sector. The brokerage house expects IDFC First Bank to report net profit at Rs. 152.7 crore (up 50.6% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 15.2 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 1,766.8 crore, according to Prabhudas Lilladher.


Pre Provision Profit (PPP) is likely to fall by 31% Y-o-Y (up 37.4 percent Q-o-Q) to Rs. 470.4 crore.


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TAGS: #banking #Brokerage Recos - Sector Report #Brokerage Results Estimates #earnings #IDFC First Bank #Prabhudas Lilladher #Result Poll
first published: Jan 20, 2021 07:18 pm