NEW DELHI: Kotak Mahindra Bank is expected to post 16-19 per cent yearly rise in net profit for the March quarter. Net interest income is expected to come in single digits. The private lender will report stable asset quality, say experts.
Brokerage Sharekhan expects the bank to report net interest income (NII) of Rs 2,543 crore for the March quarter, up 17.7 per cent YoY and 6.3 per cent QoQ.
It expects profit to grow 19.6 per cent YoY to Rs 1,168 crore. The bank had reported Rs 976.5 crore profit in the year-ago quarter.
Brokerage HDFC Securities expects the bank to report a loan growth of 23 per cent. The brokerage expects a slight margin compression will lead NII growth (up 17 per cent), PPOP to grow 14/7 per cent YoY/QoQ with muted non-interest income.
The brokerage, which expects the lender's profit to grow 18 per cent YoY, believes the management commentary on efficiency trends and improvement and the bank's subsidiary performance will be keenly watched.
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