Bank of Baroda Q1 Net Profit to Rs. 768.8 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Bank of Baroda to report net profit at Rs. 768.8 crore.

Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 7,352.5 crore, according to ICICI Direct.

Pre Provision Profit (PPP) is likely to fall by 1.4% Y-o-Y (down 32 percent Q-o-Q) to Rs. 4,260.5 crore.

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