IDFC First Bank Q2 Net Profit seen up 41.4% YoY to Rs. 785.7 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July - September’ 24) earnings estimates for the Banking sector. The brokerage house expects IDFC First Bank to report net profitat Rs. 785.7 crore up 41.4% year-on-year (up 2.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 31 percent Y-o-Y (up 5 percent Q-o-Q) to Rs. 3,932.9 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 35.2% Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 1,580.3 crore.

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