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    HomeNewsBusinessAxis Bank Q3 Net Profit seen up 7.8% YoY to Rs. 6,308.6 cr: Emkay

    Axis Bank Q3 Net Profit seen up 7.8% YoY to Rs. 6,308.6 cr: Emkay

    Net Interest Income (NII) is expected to increase by 10.5 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 12,664.3 crore, according to Emkay.

    Broker Research
    January 15, 2024 / 20:05 IST
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    Emkay has come out with its third quarter (October - December’ 24) earnings estimates for the Banking sector. The brokerage house expects Axis Bank to report net profitat Rs. 6,308.6 crore up 7.8% year-on-year (up 7.6% quarter-on-quarter).

    Net Interest Income (NII) is expected to increase by 10.5 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 12,664.3 crore, according to Emkay.

    Pre Provision Operating Profit (PPOP) is likely to fall by 1.6% Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 9,128.9 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.

    Emkay_BFSI

    Broker Research
    first published: Jan 15, 2024 05:30 pm

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