Federal Bank Q1 Net Profit seen up 44.2% YoY to Rs. 529.5 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Banks sector. The brokerage house expects Federal Bank to report net profit at Rs. 529.5 crore up 44.2% year-on-year (down 2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 14.1 percent Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 1,618 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to fall by 25.8% Y-o-Y (up 5.6 percent Q-o-Q) to Rs. 842.8 crore.

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