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

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.

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