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Last Updated : Jul 12, 2019 01:31 PM IST | Source: Moneycontrol.com

Axis Bank Q1 Net Profit seen up 162.2% YoY to Rs. 1,838 cr: Sharekhan

Net Interest Income (NII) is expected to increase by 18.8 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 6,138 crore, according to Sharekhan.

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Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Axis Bank to report net profit at Rs. 1,838 crore up 162.2% year-on-year (down 22.1% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 18.8 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 6,138 crore, according to Sharekhan.


Pre Provision Profit (PPP) is likely to rise by 23.6% Y-o-Y (up 7.8 percent Q-o-Q) to Rs. 5,405 crore.


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First Published on Jul 12, 2019 01:10 pm
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