February 29, 2024

Motilal Oswal has come out with its third quarter (October – December’ 24) earnings estimates for the Banking and Insurance coverage sector. The brokerage home expects Kotak Mahindra Financial institution to report web profitat Rs. 3,357.8 crore up 20.3% year-on-year (up 5.2% quarter-on-quarter).

Web Curiosity Earnings (NII) is anticipated to extend by 15.2 p.c Y-o-Y (up 3.5 p.c Q-o-Q) to Rs. 6,514.4 crore, based on Motilal Oswal.

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Pre Provision Working Revenue (PPOP) is more likely to rise by 25.5% Y-o-Y (up 4.8 p.c Q-o-Q) to Rs. 4,831.3 crore.

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