Union Bank Q4 Net Profit seen up 73.9% YoY to Rs. 2,502.9 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects Union Bank to report net profit at Rs. 2,502.9 crore up 73.9% year-on-year (up 11.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 34.7 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 9,120.8 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 25.7% Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 6,937.7 crore.

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