Indian Bank Q1 Net Profit seen up 142.9% YoY to Rs. 896.8 cr: Emkay Research

Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the BFSI sector. The brokerage house expects Indian Bank to report net profit at Rs. 896.8 crore up 142.9% year-on-year (down 47.5% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 2.8 percent Y-o-Y (up 12.9 percent Q-o-Q) to Rs. 3,764.9 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to fall by 0.5% Y-o-Y (up 7.5 percent Q-o-Q) to Rs. 2,740.2 crore.

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