Kotak Mahindra Q1 Net Profit seen up 50.7% YoY to Rs. 3,120.5 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April - June’ 24) earnings estimates for the Banking sector. The brokerage house expects Kotak Mahindra to report net profit at Rs. 3,120.5 crore up 50.7% year-on-year (down 10.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 27 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 5,965.8 crore, according to Prabhudas Lilladher.

Pre Provision Operating Profit (PPOP) is likely to rise by 56.9% Y-o-Y (down 6 percent Q-o-Q) to Rs. 4,367.4 crore.

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