Bank of India Q1 Net Profit seen up 258.9% YoY to Rs. 341 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Bank of India to report net profit at Rs. 341 crore up 258.9% year-on-year (up 35.6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 16.1 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 3,894 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 18.4% Y-o-Y (down 3.9 percent Q-o-Q) to Rs. 221.2 crore.

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