Prominent brokerage house, Motilal Oswal, has released its Q2 (July - September'24) earnings estimates for the Indian banking sector on Thursday, highlighting robust growth in key financial metrics for several banks.
For ICICI Bank, the net profit is expected to reach Rs. 9,662.2 crore, reflecting a 27.8% YoY and a slight 0.1% QoQ increase. The Net Interest Income (NII) is predicted to rise by 24% YoY and 0.6% QoQ to Rs. 18,331.8 crore, while the Pre Provision Operating Profit (PPOP) could see a 20% YoY increase but a slight 0.8% QoQ decrease to Rs. 14,020 crore.
Kotak Mahindra Bank's net profit is projected to hit Rs. 3,071.5 crore, marking a 19% YoY increase but an 11% QoQ decrease. The NII is anticipated to rise by 23.7% YoY and 1.2% QoQ to Rs. 6,305.7 crore, while the PPOP might see a surge of 22.4% YoY but dip by 11.8% QoQ to Rs. 4,367 crore.
The brokerage house also foresees significant growth for Equitas Small Finance Bank and IDFC First Bank (NASDAQ:FRBA). Equitas Small Finance's net profit is set to reach Rs. 192 crore, showing a substantial 64.9% YoY and a slight 0.4% QoQ increase, while IDFC First Bank's net profit is projected at Rs. 785.7 crore, marking a rise of 41.4% YoY and 2.7% QoQ.
DCB Bank's net profit is predicted to rise to Rs. 129.9 crore, marking a growth of 15.6% YoY and 2.3% QoQ, while Bandhan Bank's net profit is anticipated to reach Rs. 751.9 crore, marking a significant YoY jump of 259.3% and a QoQ growth of 4.3%.
Federal Bank's net profit is expected to increase by 19.1% YoY, offset by a slight 1.9% QoQ decrease, resulting in Rs. 837.9 crore. The bank's NII is projected to rise by 15.1% YoY and 5.7% QoQ to Rs. 2,028.7 crore.
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