Punjab National Bank Q3 Net Profit seen up 111.3% YoY to Rs. 1,069.4 cr: Motilal Oswal

Motilal Oswal has come out with its third quarter (October-December’ 21) earnings estimates for the Banks sector. The brokerage house expects Punjab National Bank to report net profit at Rs. 1,069.4 crore up 111.3% year-on-year (down 3.2% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 12.9 percent Y-o-Y (up 14 percent Q-o-Q) to Rs. 7,240.3 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to fall by 20.1% Y-o-Y (up 27 percent Q-o-Q) to Rs. 5,106.5 crore.

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