ICICI Securities has come out with its fourth quarter (January - March’ 24) earnings estimates for the Banking sector. The brokerage house expects Equitas Small Finance Bank to report net profitat Rs. 209.6 crore up 10% year-on-year (up 4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 18 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 832.3 crore, according to ICICI Securities.
Pre Provision Operating Profit (PPOP) is likely to fall by 3% Y-o-Y (up 4 percent Q-o-Q) to Rs. 373.6 crore.
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