Federal Bank Q1 Net Profit seen up 25% YoY to Rs. 502 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects Federal Bank to report net profit at Rs. 502 crore up 25% year-on-year (up 5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 16 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 1,506 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 3% Y-o-Y (up 8 percent Q-o-Q) to Rs. 958 crore.

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