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Federal Bank Q3 Net Profit seen up 14.1% YoY to Rs. 296.6 cr: Sharekhan

Net Interest Income (NII) is expected to increase by 10.9 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 1,053.5 crore, according to Sharekhan.
Jan 15, 2019 / 02:10 PM IST
Federal Bank | Rakesh Jhunjhunwala and FPIs reduced stake to 2.71 percent and 24.64 percent in September quarter, from 3.18 percent and 30.95 percent in June quarter respectively. (Image: PTI)
Federal Bank | Rakesh Jhunjhunwala and FPIs reduced stake to 2.71 percent and 24.64 percent in September quarter, from 3.18 percent and 30.95 percent in June quarter respectively. (Image: PTI)
 
 
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Sharekhan has come out with its third quarter (October-December’ 18) earnings estimates for the Banking & NBFC sector. The brokerage house expects Federal Bank to report net profit at Rs. 296.6 crore up 14.1% year-on-year (up 11.5% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 10.9 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 1,053.5 crore, according to Sharekhan.


Pre Provision Profit (PPP) is likely to rise by 22.8% Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 689.7 crore.


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