SBI life Q3 Net Profit seen up 15.7% YoY to Rs. 450.8 cr: Motilal Oswal

Motilal Oswal has come out with its third quarter (October-December’ 20) earnings estimates for the Banks and Insurance sector. The brokerage house expects SBI life to report net profit at Rs. 450.8 crore up 15.7% year-on-year (up 50.4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 12 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 13,095.6 crore, according to Motilal Oswal.

Pre Provision Profit (PPP) is likely to rise by 17% Y-o-Y (up 54.2 percent Q-o-Q) to Rs. 461.9 crore.

Source: Money Control