Axis Bank Q1 Net Profit seen up 14.6% YoY to Rs. 6,644.1 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April - June’ 25) earnings estimates for the Banking sector. The brokerage house expects Axis Bank to report net profitat Rs. 6,644.1 crore up 14.6% year-on-year (down 6.8% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 10.7 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 13,235.2 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 14.1% Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 10,055.9 crore.

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