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

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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