Federal Bank Q1 Net Profit seen up 30% YoY to Rs. 341 cr: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Federal Bank to report net profit at Rs. 341 crore up 30% year-on-       year (down 10.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 1,058 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 14.9% Y-o-Y (down 8.2 percent Q-o-Q) to Rs. 693 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More