Canara Bank Q3 Net Profit seen up 22.3% YoY to Rs. 3,524.5 cr: Emkay

Emkay has come out with its third quarter (October - December’ 24) earnings estimates for the Banking sector. The brokerage house expects Canara Bank to report net profitat Rs. 3,524.5 crore up 22.3% year-on-year (down 2.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 0.7 percent Y-o-Y (down 2.8 percent Q-o-Q) to Rs. 8,656.8 crore, according to Emkay.

Pre Provision Operating Profit (PPOP) is likely to rise by 2.9% Y-o-Y (down 6.1 percent Q-o-Q) to Rs. 7,151.1 crore.

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