Axis Bank Q3 Net Profit seen up 3.9% YoY to Rs. 6,082.2 cr: Motilal Oswal

Dismissing Axis Bank's plea on Friday, SAT clarified that "four weeks from the date of the order were available both to Appellant Axis Bank and to Sebi, NSE and NSDL to implement the directions given by this tribunal in its order dated December 20, 2023".

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Motilal Oswal has come out with its third quarter (October - December’ 24) earnings estimates for the Banking and Insurance sector. The brokerage house expects Axis Bank to report net profitat Rs. 6,082.2 crore up 3.9% year-on-year (up 3.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 10.9 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 12,710.2 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to fall by 2.1% Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 9,082.4 crore.

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Motilal_Banking & Finance