Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects State Bank of India to report net profit at Rs. 15,167.5 crore up 66.4% year-on-year (up 6.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 29 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 40,254.6 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to rise by 36.5% Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 26,921.9 crore.
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