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IndusInd Bank Share Price: IndusInd Bank posted its first earnings report after it uncovered major accounting discrepancies and has been under scrutiny due to multiple audits.
Net Interest Income (NII) is expected to increase by 12.7 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 5,485.6 crore, according to Prabhudas Lilladher.
IndusInd Bank's net profit is likely to stand at Rs 2,261 crore in Q4FY24, while NII is expected at Rs 5,496 crore
Some of the key factors investors should watch out for post the Q3 results are: the outlook on retail deposit mobilisation, the margin trajectory, and the management's growth outlook.
Net Interest Income (NII) is expected to increase by 17.4 percent Y-o-Y (up 4 percent Q-o-Q) to Rs. 5,278.2 crore, according to Emkay.
Net Interest Income (NII) is expected to increase by 17.8 percent Y-o-Y (up 4.3 percent Q-o-Q) to Rs. 5,293.5 crore, according to Motilal Oswal.
Analysts also expect its net interest income (NII) — the difference between interest earned and interest paid – to climb 15.6 percent to Rs 4,770 crore.
Net Interest Income (NII) is expected to increase by 5.2 percent Y-o-Y (up 19.1 percent Q-o-Q) to Rs. 4,912.2 crore, according to KRChoksey.
Net Interest Income (NII) is expected to increase by 14.9 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 4,739.5 crore, according to Prabhudas Lilladher.
Net Interest Income (NII) is expected to increase by 17.5 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 4,845.3 crore, according to Nirmal Bang.
The Street expects the net interest margins to be under pressure as repo rate hikes by the RBI have been paused but deposit cost increase is catching up.