Prabhudas Lilladher has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking sector. The brokerage house expects IndusInd Bank to report net profit at Rs. 1,926.5 crore up 41.5% year-on-year (down 1.7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 18.5 percent Y-o-Y (up 5 percent Q-o-Q) to Rs. 4,721.6. crore, according to Prabhudas Lilladher.
Pre Provision Operating Profit (PPOP) is likely to rise by 14.9% Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 3,825.5 crore.
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