Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects AU Bank to report net profit at Rs. 163.1 crore down 18.8% year-on-year (down 3.5% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 31.9 percent Y-o-Y (up 3.7 percent Q-o-Q) to Rs. 680.3 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to fall by 4.9% Y-o-Y (up 13.4 percent Q-o-Q) to Rs. 423.7 crore.
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