Emkay has come out with its third quarter (October-December’ 23) earnings estimates for the BFSI sector. The brokerage house expects IndusInd Bank to report net profit at Rs. 1,872.8 crore up 50.9% year-on-year (up 3.7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 17.8 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 4,467.8 crore, according to Emkay.
Pre Provision Operating Profit (PPOP) is likely to rise by 10.1% Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 3,643.1 crore.
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