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The brokerage house Kotak Institutional Equities, expects the bank to report net profit of Rs 1,812.6 crore, up 33 percent YoY and 7 percent sequentially. Net interest income (NII) is expected to rise 15.2 percent YoY and 2 percent quarter on quarter (QoQ) to Rs 1,062 crore. Kotak expects pre-provision operating profit (PPOP) to rise 6 percent YoY and 4 percent QoQ to Rs 1,924.6 crore.
A pause in interest rate hikes aided recovery in the automobile sector, likely a key growth tailwind for logistics firms in the January-March 2023 quarter.
On a YoY basis, the profitability of capital goods companies is expected to be flat, but softening commodity prices and operating leverage could lead to an improvement sequentially. The pack could witness moderate growth in net profit on a yearly basis, most analysts believe.
HCL Technologies, on April 20, is expected to report flat growth in consolidated revenue and a 4.8% QoQ decline in net profit. On CC basis, analysts expect revenue to slip 1-2% QoQ.
Infosys Q4 Preview | The company is likely to report a 1.4 percent quarter-on-quarter increase in revenue; net profit is expected to rise marginally by 0.6 percent