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Last Updated : Oct 09, 2019 03:15 PM IST | Source: Moneycontrol.com

Axis Bank Q2 Net Profit seen up 116.1% YoY to Rs. 1,706 cr: ICICI Direct

Net Interest Income (NII) is expected to increase by 15.7 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 6,052.4 crore, according to ICICI Direct.

 
 
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ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the BFSI sector. The brokerage house expects Axis Bank to report net profit at Rs. 1,706 crore up 116.1% year-on-year (up 24.5% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 15.7 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 6,052.4 crore, according to ICICI Direct.


Pre Provision Profit (PPP) is likely to rise by 36.5% Y-o-Y (down 5.2 percent Q-o-Q) to Rs. 5,588.6 crore.


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First Published on Oct 9, 2019 03:15 pm
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