Union Bank Q4 Net Profit may dip 9.5% YoY to Rs. 1,204 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January-March’ 22) earnings estimates for the Banks sector. The brokerage house expects Union Bank to report net profit at Rs. 1,204 crore down 9.5% year-on-year (up 10.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 38.8 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 7,500.6 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to fall by 3.2% Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 5,015.8 crore.

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