Canara Bank Q4 Net Profit seen up 100.2% YoY to Rs. 2,023.3 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January-March’ 22) earnings estimates for the Banks sector. The brokerage house expects Canara Bank to report net profit at Rs. 2,023.3 crore up 100.2% year-on-year (up 34.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 32.2 percent Y-o-Y (up 6.4 percent Q-o-Q) to Rs. 7,391.3 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 11.8% Y-o-Y (up 9.9 percent Q-o-Q) to Rs. 6,374.7 crore.

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