Union Bank of India Q1 Net Profit seen up 74.6% YoY to Rs. 580.8 cr: Emkay Research

Net Interest Income (NII) is expected to decrease by 5.8 percent Y-o-Y (up 11.6 percent Q-o-Q) to Rs. 6,030.5 crore, according to Emkay Research.

Broker Research

July 14, 2021 / 20:17 IST

Union Bank of India | Interest rate per annum: 6.95 percent | EMI: Rs 57,923

live

bselive
nselive

Volume

Todays L/H

Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the BFSI sector. The brokerage house expects Union Bank of India to report net profit at Rs. 580.8 crore up 74.6% year-on-year (down 56.3% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 5.8 percent Y-o-Y (up 11.6 percent Q-o-Q) to Rs. 6,030.5 crore, according to Emkay Research.

Pre Provision Profit (PPP) is likely to fall by 17.3% Y-o-Y (down 35.6 percent Q-o-Q) to Rs.3,336.7 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research

first published: Jul 14, 2021 08:17 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347