IndusInd Bank Q1 Net Profit seen up 3.1% YoY to Rs. 2,189.8 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects IndusInd Bank to report net profitat Rs. 2,189.8 crore up 3.1% year-on-year (down 6.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 12.7 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 5,485.6 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 3.6% Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 3,969.7 crore.

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