State Bank Q2 Net Profit seen up 45% YoY to Rs. 6,632.4 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects State Bank to report net profit at Rs. 6,632.4 crore up 45% year-on-year (up 2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 2.7 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs. 28,945.4 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 8.7% Y-o-Y (down 5.7 percent Q-o-Q) to Rs. 17,891.5 crore.

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