Axis Bank Q2 Net Profit seen up 64.2% YoY to Rs. 2,763.1 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Banking sector. The brokerage house expects Axis Bank to report net profit at Rs. 2,763.1 crore up 64.2% year-on-year (up 27.9% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 8.9 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 7,977.6 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to fall by 1.6% Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 6,785.3 crore.

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