Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects Indian Bank to report net profit at Rs. 1,625.2 crore up 65.1% year-on-year (up 16.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 33.9 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 5,696.8 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to rise by 49.7% Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 4,099.2 crore.
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