Federal Bank Q3 Net Profit seen up 20.4% YoY to Rs. 967.9 cr: Emkay

Emkay has come out with its third quarter (October - December’ 24) earnings estimates for the Banking sector. The brokerage house expects Federal Bank to report net profitat Rs. 967.9 crore up 20.4% year-on-year (up 1.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 8 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 2,112.2 crore, according to Emkay.

Pre Provision Operating Profit (PPOP) is likely to rise by 13.3% Y-o-Y (up 9 percent Q-o-Q) to Rs. 1,443.8 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.