State Bank of India Q1 Net Profit seen up 122.8% YoY to Rs. 13,520.8 cr: Nirmal Bang
Nirmal Bang has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects to report net profit at Rs. 13,520.8 crore up 122.8% year-on-year.
Nirmal Bang has come out with its first quarter (April – June’ 24) earnings estimates for the Banking sector. The brokerage house expects to report net profit at Rs. 13,520.8 crore up 122.8% year-on-year (down 19% quarter-on-quarter).Net Interest Income (NII) is expected to increase by 28.5 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 40,097.5 crore, according to Nirmal Bang.Pre Provision Operating Profit (PPOP) is likely to rise by 73.1% Y-o-Y (down 10.4 percent Q-o-Q) to Rs. 22,071.2 crore.Nirmal bang_Banking & NBFC
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