Prabhudas Lilladher has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking sector. The brokerage house expects Axis Bank to report net profit at Rs. 5,902.9 crore up 43.4% year-on-year (up 0.9% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 40.8 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 12,415.8 crore, according to Prabhudas Lilladher.
Pre Provision Operating Profit (PPOP) is likely to rise by 46.2% Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 9,452.6 crore.
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