HomeNewsBusinessIndusInd Bank Q3 Net Profit seen up 50.9% YoY to Rs. 1,872.8 cr: Emkay
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IndusInd Bank Q3 Net Profit seen up 50.9% YoY to Rs. 1,872.8 cr: Emkay

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.

Broker Research
January 11, 2023 / 18:15 IST
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IndusInd Bank | CMP: Rs 1,220.95 | The share price ended in the red despite global research firm CLSA upgrading IndusInd Bank to buy from outperform and has raised target to Rs 1,500 per share. Jefferies has a buy call on the stock with target at Rs 1,600 per share. "Q3 update shows loan growth of 19 percent YoY and 5 percent QoQ. Uptick in retail loan growth also makes better margin while deposit growth was slower at 14 percent YoY and 3 percent QoQ. Valuations of the bank are attractive at current level," it said.
IndusInd Bank | CMP: Rs 1,220.95 | The share price ended in the red despite global research firm CLSA upgrading IndusInd Bank to buy from outperform and has raised target to Rs 1,500 per share. Jefferies has a buy call on the stock with target at Rs 1,600 per share. "Q3 update shows loan growth of 19 percent YoY and 5 percent QoQ. Uptick in retail loan growth also makes better margin while deposit growth was slower at 14 percent YoY and 3 percent QoQ. Valuations of the bank are attractive at current level," it said.

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.

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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.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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