Equitas Small Finance Bank Q1 Net Profit seen up 42% YoY to Rs. 85.2 cr: Emkay Research

Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the BFSI sector. The brokerage house expects Equitas Small Finance Bank to report net profit at Rs. 85.2 crore up 42% year-on-year (down 24.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 16.9 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 472.4 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to rise by 38.2% Y-o-Y (down 19.2 percent Q-o-Q) to Rs. 201.8 crore.

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