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Axis Bank Q3 Net Profit seen up 39.3% YoY to Rs. 2,448.3 cr: ICICI Direct

Net Interest Income (NII) is expected to increase by 14.7 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 7,402.8 crore, according to ICICI Direct.

January 20, 2021 / 07:33 PM IST
Axis Bank | In the last one year, the stock has fallen 8 percent from Rs 748 on January 14, 2020 to Rs 688 on January 13, 2021.

Axis Bank | In the last one year, the stock has fallen 8 percent from Rs 748 on January 14, 2020 to Rs 688 on January 13, 2021.

 
 
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ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Axis Bank to report net profit at Rs. 2,448.3 crore up 39.3% year-on-year (up 45.5% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 14.7 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 7,402.8 crore, according to ICICI Direct.


Pre Provision Profit (PPP) is likely to rise by 10.8% Y-o-Y (down 7.8 percent Q-o-Q) to Rs. 6,361.8 crore.


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