Kotak Mahindra Bank Q4 Net Profit seen up 8.9% YoY to Rs. 3,014.9 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects Kotak Mahindra Bank to report net profit at Rs. 3,014.9 crore up 8.9% year-on-year (up 8% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 33.1 percent Y-o-Y (up 6.4 percent Q-o-Q) to Rs. 6,015.9 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 26.9% Y-o-Y (up 10.1 percent Q-o-Q) to Rs. 4,239.5 crore.

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