Karur Vysya Bank Q4 Net Profit may dip 97.1% YoY to Rs. 1.4 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 Karur Vysya Bank to report net profit at Rs. 1.4 crore down 97.1% year-on-year (down 93.2% quarter-on-quarter).

Net Interest Income (NII) is expected to decrease by 7.5 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 594.8 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to fall by 9.2% Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 435.5 crore.

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