IndusInd Bank Q1 Net Profit seen up 40.3% YoY to Rs. 1,368.1 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Banks sector. The brokerage house expects IndusInd Bank to report net profit at Rs. 1,368.1 crore up 40.3% year-on-year (up 0.5% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 14.4 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 4,076.7 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 1.7% Y-o-Y (down 4.3 percent Q-o-Q) to Rs. 3,185.2 crore.

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