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.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.