J&K Bank Q1 Net Profit seen up 22% YoY to Rs. 64.1 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects J&K Bank to report net profit at Rs. 64.1 crore up 22% year-on-year (down 70% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 18 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 915.9 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to rise by 10% Y-o-Y (down 36 percent Q-o-Q) to Rs. 386.3 crore.

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