Thursday, January 14, 2010

xpecting Axis Bank to report a net profit of Rs6.8bn for Q3FY10

Axis Bank Q3FY10 result estimates (Results Today)

We are expecting Axis Bank to report a net profit of Rs6.8bn for Q3FY10. The NII is expected to grow by 39.5% to Rs12.9bn and total net income to grow by 41.0% at Rs23.4bn. The operating profit is likely to grow by 59.6% yoy to Rs14.5bn. Key things to watch out movement of NPA's and provisions.

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