Prabhudas Lilladher has come out with its fourth quarter (January-March’ 21) earnings estimates for the BFSI sector. The brokerage house expects IDFC First Bank to report net profit at Rs. 95.8 crore up 34% year-on-year (down 26% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15.3 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 1,802.2 crore, according to Prabhudas Lilladher.
Pre Provision Profit (PPP) is likely to fall by 28.8% Y-o-Y (down 44 percent Q-o-Q) to Rs. 370.3 crore.
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