DCB Q1 Net Profit may dip 9.4% YoY to Rs. 71.9 cr: ICICI Direct

DCB Bank | Apax Global Alpha sold 37.73 lakh equity shares in the bank at Rs 110.19 per share on the NSE.

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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects DCB to report net profit at Rs. 71.9 crore down 9.4% year-on-year (down 7.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 5.3 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 323.1 crore, according to ICICI Direct.

Pre Provision Profit (PPP) is likely to rise by 7.2% Y-o-Y (down 0.1 percent Q-o-Q) to Rs. 204.9 crore.

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