Punjab National Bank Q1 Net Profit seen up 171.4% YoY to Rs. 836.8 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 Punjab National Bank to report net profit at Rs. 836.8 crore up 171.4% year-on-year (up 42.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 4.8 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 7,074.0 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to rise by 0.6% Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 5,309.8 crore.

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