Axis Bank Q1 Net Profit seen up 39.3% YoY to Rs. 5,746.2 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects Axis Bank to report net profit at Rs. 5,746.2 crore up 39.3% year-on-year.

Net Interest Income (NII) is expected to increase by 26 percent Y-o-Y (up 0.7 percent Q-o-Q) to Rs. 11,823.5 crore, according to Nirmal Bang.

Pre Provision Operating Profit (PPOP) is likely to rise by 48.4% Y-o-Y (down 4.7 percent Q-o-Q) to Rs. 8,735.1 crore.

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