State Bank of India Q4 Net Profit seen up 82.6% YoY to Rs 6,540 cr: Sharekhan

Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Banking sector. The brokerage house expects State Bank of India to report net profit at Rs 6,540 crore up 82.6% year-on-year (up 27.4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 30.7 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs 29,751 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 15.9% Y-o-Y (up 5.6 percent Q-o-Q) to Rs 15,733.8 crore.

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