Union Bank Q3 Net Profit seen up 58.5% YoY to Rs. 3,558.2 cr: Motilal Oswa

Motilal Oswal has come out with its third quarter (October - December’ 24) earnings estimates for the Banking and Insurance sector. The brokerage house expects Union Bank to report net profitat Rs. 3,558.2 crore up 58.5% year-on-year (up 1.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 9.2 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 9,423.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 7.6% Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 7,122.7 crore.

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