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    HomeNewsBusinessEarningsAndhra Bank Q1 PAT may dip 23% at Rs 279 cr: Kotak Sec

    Andhra Bank Q1 PAT may dip 23% at Rs 279 cr: Kotak Sec

    Kotak Securities expects Andhra Bank to report a 19 percent degrowth quarter-on-quarter (degrowth of 22.9 percent year-on-year) in net profit at Rs 278.9 crore.

    July 30, 2013 / 17:50 IST
       
       
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      Kotak Securities has come out with its first quarter (April-June) earnings estimates for the banking sector. The brokerage house expects Andhra Bank to report a 19 percent degrowth quarter-on-quarter (degrowth of 22.9 percent year-on-year) in net profit at Rs 278.9 crore.

      Net interest income is expected to increase by 6.1 percent Q-o-Q (up 7.8 percent Y-o-Y) to Rs 1,011.4 crore, according to Kotak Securities.

      first published: Jul 30, 2013 05:50 pm

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