South Indian Bank Q2 Net Profit to Rs. 37.2 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects South Indian Bank to report net profit at Rs. 37.2 crore (up 261.1% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 21 percent Y-o-Y (down 3.4 percent Q-o-Q) to Rs. 523.7 crore, according to Prabhudas Lilladher.

Pre Provision Profit (PPP) is likely to rise by 16.2% Y-o-Y (down 6.1 percent Q-o-Q) to Rs. 480.9 crore.

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