Canara Bank Q3 Net Profit seen up 139.5% YoY to Rs. 1,667.3 cr: Motilal Oswal

Motilal Oswal has come out with its third quarter (October-December’ 21) earnings estimates for the Banks sector. The brokerage house expects Canara Bank to report net profit at Rs. 1,667.3 crore up 139.5% year-on-year (up 25.1% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 6.2 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 6,458.3 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 6.1% Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 5,710.1 crore.

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