ICICI Bank Q1 Net Profit seen up 25.3% YoY to Rs. 8,654.9 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects ICICI Bank to report net profit at Rs. 8,654.9 crore up 25.3% year-on-year (down 5.1% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 34.3 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 17,740.1 crore, according to Nirmal Bang.

Pre Provision Operating Profit (PPOP) is likely to rise by 26.5% Y-o-Y (down 5.7 percent Q-o-Q) to Rs. 13,042.7 crore.

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