State Bank of India Q1 Net Profit may dip 4.3% YoY to Rs. 16,150.9 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects State Bank of India to report net profitat Rs. 16,150.9 crore down 4.3% year-on-year (down 22% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 5.1 percent Y-o-Y (down 1.8 percent Q-o-Q) to Rs. 40,904.8 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to fall by 3.7% Y-o-Y (down 15.3 percent Q-o-Q) to Rs. 24,350 crore.

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