IndusInd Bank Q1 Net Profit seen up 38% YoY to Rs. 1,344 cr: Arihant Capital

Arihant Capital has come out with its first quarter (April-June’ 22) earnings estimates for the Banking & NBFC sector. The brokerage house expects IndusInd Bank to report net profit at Rs. 1,344 crore up 38% year-on-year (down 1% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 13 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 4,029 crore, according to Arihant Capital.

Pre Provision Operating Profit (PPOP) is likely to (down 6 percent Q-o-Q) to Rs. 3,145 crore.

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