Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects J&K Bank to report net profit at Rs. 88.4 crore up 211.3% year-on-year (down 14.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 36.8 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 896.9 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 66.8% Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 444.5 crore.
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