Motilal Oswal has come out with its fourth quarter (January-March’ 22) earnings estimates for the Banks sector. The brokerage house expects SBI Cards to report net profit at Rs. 448.2 crore up 155.5% year-on-year (up 16.2% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 29.4 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 1,072.2 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to rise by 36% Y-o-Y (up 11.7 percent Q-o-Q) to Rs. 1,277.5 crore.
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