IDFC First Bank Q4 Net Profit seen up 88% YoY to Rs. 644.4 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects IDFC First Bank to report net profit at Rs. 644.4 crore up 88% year-on-year (up 6.6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 30.6 percent Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 3,485.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 61.4% Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 1,333.9 crore.

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