SBI Cards Q4 Net Profit may dip 5% YoY to Rs. 551.6 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects SBI Cards to report net profit at Rs. 551.6 crore down 5% year-on-year (up 8.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 17.6 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 1,174.1 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 11.1% Y-o-Y (up 7 percent Q-o-Q) to Rs. 1,302.1 crore.

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