Axis bank q3 preview pat seen up 11 yoy : YourMoneySite.com

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The bank’s loan growth is expected at 22%, YoY

Axis Bank will declare its third quarter results today. According to a Bloomberg UTV poll, the bank’s net interest income (NII) is seen at Rs 2,130 cr vs Rs 1, 732 cr, up 23%, year-on-year. Profit after tax (PAT) is expected at Rs 990 cr vs Rs 891 cr, up 11%, YoY.

Axis Bank’s provisions are seen higher by over 35% for Q3. Gross NPAs are likely to rise 10-20 bps from 1.08% in Q2. Margins are seen down 10-15 bps from 3.8% in the previous quarter. The bank had reported 50bp quarter-on-quarter rise in net interest margin (NIM) in the previous quarter.

The bank’s loan growth is expected at 22%, YoY and 8%, QoQ. Deposit growth is likely to be strong at 34% and fee income is expected to grow 23%, YoY.

At 9:27 a.m., the bank’s stocks was at Rs 963, up 1.17% on the BSE.

Axis Bank Q3 Preview: PAT seen up 11%, YoY