IDFC First Bank Q3 Net Profit seen up 36.5% YoY to Rs. 825.6 cr: Emkay

Emkay has come out with its third quarter (October - December’ 24) earnings estimates for the Banking sector. The brokerage house expects IDFC First Bank to report net profitat Rs. 825.6 crore up 36.5% year-on-year (up 9.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 26 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 4,139 crore, according to Emkay.

Pre Provision Operating Profit (PPOP) is likely to rise by 31.9% Y-o-Y (up 11 percent Q-o-Q) to Rs. 1,676 crore.

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