City Union Bank Q4 Net Profit seen up 16.1% YoY to Rs. 242.7 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking sector. The brokerage house expects City Union Bank to report net profit at Rs. 242.7 crore up 16.1% year-on-year (up 11.4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 14.2 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 571.6 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 2.7% Y-o-Y (down 9.2 percent Q-o-Q) to Rs. 451.5 crore.

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