DCB Bank Q3 Net Profit may dip 41.2% YoY to Rs. 56.9 cr: Motilal Oswal

DCB Bank  | From the 52-week high of Rs 204.55, this stock has fallen 40 percent to Rs 122.75 as of January 4, 2021. The company's 5-year average P/E multiple was 16.87x while the current PE was 11.65x

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Motilal Oswal has come out with its third quarter (October-December’ 20) earnings estimates for the Banks and Insurance sector. The brokerage house expects DCB Bank to report net profit at Rs. 56.9 crore down 41.2% year-on-year (down 30.9% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 4.4 percent Y-o-Y (down 7.5 percent Q-o-Q) to Rs. 308.8 crore, according to Motilal Oswal.

Pre Provision Profit (PPP) is likely to fall by 2% Y-o-Y (down 17.2 percent Q-o-Q) to Rs. 186.1 crore.

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