Bank of Baroda Q1 Net Profit seen up 106.1% YoY to Rs. 4,469.2 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects Bank of Baroda to report net profit at Rs. 4,469.2 crore up 106.1% year-on-year (down 6.4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 32 percent Y-o-Y (up 1.3 percent Q-o-Q) to Rs. 11,’670.3 crore, according to Nirmal Bang.

Pre Provision Operating Profit (PPOP) is likely to rise by 60.1% Y-o-Y (down 10.2 percent Q-o-Q) to Rs. 7,249.8 crore.

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