Indusind Bank Q4 Net Profit may dip 37.1% YoY to Rs. 599.5 cr: Kotak

Net Interest Income (NII) is expected to increase by 17.7 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 2,363.3 crore, according to Kotak.

Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector.  The brokerage house expects Indusind Bank to report net profit at Rs. 599.5 crore down 37.1% year-on-year (down 39.1% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 17.7 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 2,363.3 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to rise by 3% Y-o-Y (down 13.9 percent Q-o-Q) to Rs. 1,823.1 crore.

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