Punjab National Bank Q1 Net Profit may dip 31% YoY to Rs. 706.7 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Banks sector. The brokerage house expects Punjab National Bank to report net profit at Rs. 706.7 crore down 31% year-on-year (up 250.6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 4.7 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 7,569.6 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to fall by 15.7% Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 5,142.2 crore.

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