Prabhudas Lilladher has come out with its fourth quarter (January-March’ 21) earnings estimates for the BFSI sector. The brokerage house expects State Bank of India to report net profit at Rs. 1,419.3 crore up 180.2% year-on-year (up 33.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 16.3 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 7,904.4 crore, according to Prabhudas Lilladher.
Pre Provision Profit (PPP) is likely to rise by 11% Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 5,684.1 crore.
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