Dolat Capital has come out with its October-December quarter earnings estimates for the banking space. The brokerage house expects ICICI Bank to report a 4.4 percent rise quarter-on-quarter (up 9.1 percent Y-o-Y) in net profit at Rs 2454.6 crore.
The net interest income of the company is expected to rise by 3 percent Q-o-Q (up 19 percent Y-o-Y) to Rs 4163.8 crore, according to Dolat Capital.
The operating profit is likely to go up by 2.3 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 2979.2 crore.
Dolat Capital on ICICI Bank:
Asset quality should remain stable with 16% YoY growth in loan book.
NIM is likely to be stable QoQ.
Fresh NPL formations to remain stable, while restructured loans likely to see an increase.
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