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HomeNewsBusinessICICI Bank Q1 Net Profit seen up 3.3% QoQ to Rs. 9,423.4 cr: KRChoksey

ICICI Bank Q1 Net Profit seen up 3.3% QoQ to Rs. 9,423.4 cr: KRChoksey

Net Interest Income (NII) is expected to increase by 1.9 percent Q-o-Q (increase 36.2 percent Y-o-Y) to Rs. 17,997.9 crore, according to KRChoksey.

July 18, 2023 / 20:58 IST
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    KRChoksey has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects ICICI Bank to report net profit at Rs. 9,423.4 crore up 3.3% quarter-on-quarter (up 36.5% year-on-year).

    Net Interest Income (NII) is expected to increase by 1.9 percent Q-o-Q (increase 36.2 percent Y-o-Y) to Rs. 17,997.9 crore, according to KRChoksey.

    Pre Provision Operating Profit (PPOP) is likely to rise by 0.4% Q-o-Q (up 34.7 percent Y-o-Y) to Rs. 13,887.6 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.

    KRChoksey_Banking and Financial Services

    Broker Research
    first published: Jul 17, 2023 04:27 pm

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