Union Bank of India Q2 Net Profit seen up 113.3% YoY to Rs. 1,102 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 Union Bank of India to report net profit at Rs. 1,102 crore up 113.3% year-on-year (down 6.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 13.4 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 7,135.1 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 12.5% Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 5,326.1 crore.

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