ICICI Bank Q1 Net Profit seen up 3.3% QoQ to Rs. 9,423.4 cr: KRChoksey

KRChoksey 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. 9,423.4 crore up 3.3% quarter-on-quarter (up 36.5% year-on-year).

Net Interest Income (NII) is expected to increase by 1.9 percent Q-o-Q (increase 36.2 percent Y-o-Y) to Rs. 17,997.9 crore, according to KRChoksey.

Pre Provision Operating Profit (PPOP) is likely to rise by 0.4% Q-o-Q (up 34.7 percent Y-o-Y) to Rs. 13,887.6 crore.

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