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Federal Bank Q4 Net Profit seen up 135% YoY to Rs. 340.7 cr: Kotak

Net Interest Income (NII) is expected to increase by 20.7 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 1,126.8 crore, according to Kotak.
Apr 8, 2019 / 11:29 AM IST
 
 
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Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector.  The brokerage house expects Federal Bank to report net profit at Rs. 340.7 crore up 135% year-on-year (up 2.1% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 20.7 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 1,126.8 crore, according to Kotak.


Pre Provision Profit (PPP) is likely to rise by 18.7% Y-o-Y (down 1.3 percent Q-o-Q) to Rs. 698.8 crore.


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