ICICI Bank Apr-Jun PAT seen up YoY on robust NII, may fall on quarter (Communities - News & Events)
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ICICI Bank Apr-Jun PAT seen up YoY on robust NII, may fall on quarter | |
ICICI Bank is expected to see steady year-on-year growth in net profit in the June quarter, driven by robust rise in its net interest income, according to brokerages tracking the private sector lender. However, the bank's performance is likely to be worse than the previous quarter due to compression in the net interest margin and a sharp rise in provisions, brokerages said. According to the average of estimates from 15 brokerage firms, ICICI Bank is expected to report a 7.5% on-year increase in net profit to INR 118.88 billion. However, the measure is expected to decline nearly 6% sequentially. While Anand Rathi Share and Stock Brokers Ltd. provided the highest estimate for net profit at INR 127.09 billion, the lowest estimate was given by IIFL Capital Services Ltd. at INR 112.00 billion. | |
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2025-07-19 (0.861 sec)