ICICI Bank Q1 Net Profit seen up 51.8% YoY to Rs. 290 cr: HDFC Securities

HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the BFSI sector. The brokerage house expects ICICI Bank to report net profit at Rs. 290 crore up 51.8% year-on-year (up 137.2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 14.5 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 8,860 crore, according to HDFC Securities.

Pre Provision Profit (PPP) is likely to rise by 56.6% Y-o-Y (up 33.3 percent Q-o-Q) to Rs. 9,850 crore.

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