Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects Bank of Baroda to report net profit at Rs. 4,311.5 crore up 142.4% year-on-year (up 11.9% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 32.3 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 11,390.5 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to risel by 44.9% Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 8,166.2 crore.
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