SBI life Q3 Net Profit seen up 30.3% YoY to Rs. 303.3 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 SBI life to report net profit at Rs. 303.3 crore up 30.3% year-on-year (up 23% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 26.2 percent Y-o-Y (up 18.5 percent Q-o-Q) to Rs. 17,373.8 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 33.6% Y-o-Y (up 23.6 percent Q-o-Q) to Rs. 311.3 crore.

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