State Bank of India Q2 Net Profit seen up 102.5% YoY to Rs. 9,263.3 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 State Bank of India to report net profit at Rs. 9,263.3 crore up 102.5% year-on-year (up 42.4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 3.5 percent Y-o-Y (down 5.5 percent Q-o-Q) to Rs. 29,172.3 crore, according to Prabhudas Lilladher.

Pre Provision Profit (PPP) is likely to rise by 22.9% Y-o-Y (up 6.6 percent Q-o-Q) to Rs. 20,223.9 crore.

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