Axis Bank Q3 Preview: Anticipates Muted Profit, Single-Digit NII Growth, and Potential NIM Decline

Axis Bank Share Price Today: Motilal Oswal Expects 3.9% YoY Profit Growth at Rs 6,082.20 Crore, NII to Rise 10.9% YoY to Rs 12,710 Crore, and Forecasts Rs 950 Crore Provision.

Axis Bank Q3 Expectations: Anticipates Subdued Profit with Single-Digit NII Growth, Rising Provisions, and Contracting Net Interest Margin (NIM) for the December Quarter.

Axis Bank Q3 Outlook: KRChoksey Predicts 22.5% YoY Advance Growth, Driven by Robust Performance in the Retail Segment.

Prabhudas Lilladher’s Q3 Projections for Axis Bank: Foresees 4.1% YoY Dip in Net Profit at Rs 5,611 Crore, 7.4% YoY Rise in NII at Rs 12,311 Crore. Predicts Provisions at Rs 1,100 Crore, 35% Sequential Increase. Gross NPA Percentage Expected at 1.71%, Down 6 Basis Points from September. Anticipates NIM at 4.05%, Down 17 Basis Points YoY and 14 Basis Points QoQ. Credit Cost Projected at 0.47%, Up 11 Basis Points Sequentially.

Motilal Oswal Q3 Outlook for Axis Bank: Forecasts 3.9% YoY Profit Growth at Rs 6,082.20 Crore, 10.9% YoY NII Growth to Rs 12,710 Crore. Anticipates Rs 950 Crore Provision with Slight Credit Cost Increase. Expects Elevated Cost Ratios and Margin Pressure, But Foresees Healthy Business Growth.

Axis Bank Shares Down 2.84% Ahead of Q3 Results, Trading at Rs 1,088.95. KRChoksey Forecasts 22.5% YoY Advance Growth, Led by Retail Segment; Expects 4.1% Sequential Advance Growth. Anticipates 18% YoY and 4.8% Sequential Deposit Growth.

“We anticipate the CASA ratio to be around 40.6% as of December 31, 2023, compared to 41.3% in the previous quarter. NIMs are expected to decline by approximately 13 bps QoQ in Q3FY24E. The cost-to-income ratio is likely to be 49.6% for Q3FY24E, down from 50.2% in Q2FY24. Projecting a 3.9% YoY/3.7% QoQ PAT growth despite higher operating expenses, driven by lower credit costs, especially on a YoY basis,” stated the report.

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