State Bank of India Q4 Net Profit may dip 7.7% QoQ to Rs. 3,649.8 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January-March’ 19) earnings estimates for the PSU Banks sector. The brokerage house expects State Bank of India to report net profit at Rs. 3,649.8 crore down 7.7% quarter-on-quarter.

Net Interest Income (NII) is expected to increase by 14.8 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 22,938.6 crore, according to Motilal Oswal.

Pre Provision Profit (PPP) is likely to fall by 1.9% Y-o-Y (up 23.4 percent Q-o-Q) to Rs. 15,576.8 crore.

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