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

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.

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