Federal Bank
Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects Federal Bank to report net profit at Rs. 375.7 crore down 6.3% year-on-year (down 21.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 13.5 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 1,471.4 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 4.1% Y-o-Y (up 9.6 percent Q-o-Q) to Rs. 970.2 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.
Read More