State Bank of India Q1 Net Profit seen up 7.7% YoY to Rs. 7,001.6 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Banks sector. The brokerage house expects State Bank of India to report net profit at Rs. 7,001.6 crore up 7.7% year-on-year (down 23.2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 16.3 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 32,154.3 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to fall by 11.5% Y-o-Y (down 14.8 percent Q-o-Q) to Rs. 16,791.3 crore.

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