federal bank
Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the BFSI sector. The brokerage house expects Federal Bank to report net profit at Rs. 457.2 crore up 14.1% year-on-year (down 4.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 12 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 1,451.4 crore, according to Emkay Research.
Pre Provision Profit (PPP) is likely to rise by 11.6% Y-o-Y (up 17.5 percent Q-o-Q) to Rs. 1,040.1 crore.
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