HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the BFSI sector. The brokerage house expects DCB Bank to report net profit at Rs. 70 crore down 10.5% year-on-year (up 5.6% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 4.5 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 320 crore, according to HDFC Securities.
Pre Provision Profit (PPP) is likely to rise by 11.7% Y-o-Y (down 12.2 percent Q-o-Q) to Rs. 190 crore.
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