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    HomeNewsBusinessIDFC First Bank Q3 Net Profit seen up 28.5% YoY to Rs. 776.8 cr: Motilal Oswal

    IDFC First Bank Q3 Net Profit seen up 28.5% YoY to Rs. 776.8 cr: Motilal Oswal

    Net Interest Income (NII) is expected to increase by 27.2 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 4,178.6 crore, according to Motilal Oswal.

    Broker Research
    January 12, 2024 / 19:20 IST
    IDFC First Bank

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    Motilal Oswal has come out with its third quarter (October - December’ 24) earnings estimates for the Banking and Insurance sector. The brokerage house expects IDFC First Bank to report net profitat Rs. 776.8 crore up 28.5% year-on-year (up 3.4% quarter-on-quarter).

    Net Interest Income (NII) is expected to increase by 27.2 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 4,178.6 crore, according to Motilal Oswal.

    Pre Provision Operating Profit (PPOP) is likely to rise by 27.1% Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 1,602 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.

    Motilal_Banking & Finance

    Broker Research
    first published: Jan 12, 2024 06:10 pm

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