Emkay has come out with its third quarter (October-December’ 23) earnings estimates for the BFSI sector. The brokerage house expects Kotak Mah Bank to report net profit at Rs. 2,500.3 crore up 17.3% year-on-year (down 3.1% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 18.6 percent Y-o-Y (up0.8 percent Q-o-Q) to Rs. 5,140.2 crore, according to Emkay.
Pre Provision Operating Profit (PPOP) is likely to rise by 30.3% Y-o-Y (down 1.3 percent Q-o-Q) to Rs. 3,520.1 crore.
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