Bank of Baroda Q1 Net Profit seen up 80% YoY to Rs. 950.7 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects Bank of Baroda to report net profit at Rs. 950.7 crore up 80% year-on-year.

Net Interest Income (NII) is expected to increase by 55 percent Y-o-Y (up 34 percent Q-o-Q) to Rs. 6,770.3 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to rise by 60% Y-o-Y (up 24 percent Q-o-Q) to Rs. 4,798.2 crore.

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