Punjab National Bank Q2 Net Profit seen up 62.8% YoY to Rs. 1,010.5 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects Punjab National Bank to report net profit at Rs. 1,010.5 crore up 62.8% year-on-year (down 1.3% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 11.7 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 7,459.7 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 6.7% Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 6,057.1 crore.

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