IDFC First Bank Q1 Net Profit may dip 154.7% YoY to Rs. 344.6 cr: Prabhudas Lilladher

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Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Banks sector. The brokerage house expects IDFC First Bank to report net profit at Rs. 344.6 crore down 154.7% year-on-year (up 0.6% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 29.1 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 2,820.7 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to fall by 16.7% Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 834.3 crore.

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