Federal Bank Q4 Net Profit seen up 31.4% YoY to Rs 396 cr: Sharekhan

Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Banking sector. The brokerage house expects Federal Bank to report net profit at Rs 396 crore up 31.4% year-on-year (down 0.2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 21.6 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs 1,478 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to fall by 3.3% Y-o-Y (down 3.6 percent Q-o-Q) to Rs 928 crore.

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