State Bank of India Q1 Net Profit seen up 75% YoY to Rs. 7,331 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects State Bank of India  to report net profit at Rs. 7,331 crore up 75% year-on-year (up 14% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 9 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 28,906 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 7% Y-o-Y (down 2 percent Q-o-Q) to Rs. 19,325 crore.

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