SBI life Q1 Net Profit may dip 18.7% YoY to Rs. 317.9 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects SBI life to report net profit at Rs. 317.9 crore down 18.7% year-on-year (down 40.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 17.7 percent Y-o-Y (down 42.6 percent Q-o-Q) to Rs. 8,933 crore, according to Motilal Oswal.

Pre Provision Profit (PPP) is likely to fall by 17.1% Y-o-Y (down 48.3 percent Q-o-Q) to Rs. 321.4 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.