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Last Updated : Jul 12, 2019 01:31 PM IST | Source: Moneycontrol.com

Federal Bank Q1 Net Profit seen up 30% YoY to Rs. 341 cr: Sharekhan

Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 1,058 crore, according to Sharekhan.

 
 
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Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Federal Bank to report net profit at Rs. 341 crore up 30% year-on-       year (down 10.5% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 1,058 crore, according to Sharekhan.


Pre Provision Profit (PPP) is likely to rise by 14.9% Y-o-Y (down 8.2 percent Q-o-Q) to Rs. 693 crore.


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First Published on Jul 12, 2019 01:12 pm
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