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SBI Q1 Net Profit seen up 43.9% YoY to Rs. 3,330 cr: HDFC Securities

Net Interest Income (NII) is expected to increase by 3.8 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 23,800 crore, according to HDFC Securities.

July 28, 2020 / 01:05 PM IST
 
 
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HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the BFSI sector. The brokerage house expects SBI to report net profit at Rs. 3,330 crore up 43.9% year-on-year (down 7.1% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 3.8 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 23800 crore, according to HDFC Securities.

Pre Provision Profit (PPP) is likely to rise by 9.6% Y-o-Y (down 21.4 percent Q-o-Q) to Rs. 14,520 crore.

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