ICICI Bank Q4 Net Profit seen up 179.6% YoY to Rs. 2,851.7 cr: Kotak

Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects ICICI Bank to report net profit at Rs. 2,851.7 crore up 179.6% year-on-year (up 77.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 19.6 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 7,202.9 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to fall by 15.5% Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 6,352.4 crore.

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