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Outcome date: 25th July, 2022
Advice: Purchase
Goal worth: Rs900
Advice: Purchase
Goal worth: Rs900
Wholesome mortgage progress each over the year-ago quarter and sequentially ought to drive topline of Axis Financial institution within the June 2022 quarter. Analysts at IIFL Securities forecast Web Curiosity Revenue (NII) at Rs91 billion, up 17% Y-o-Y.
Web Curiosity Margin might inch down a bit owing to extend in value of funds. Value to revenue ratio can be anticipated to stay elevated. Pre-Provisioning Working Revenue (PPOP) is pegged at Rs61.3 billion. This will probably be a Y-o-Y decline of 1%. Revenue After Tax (PAT) is forecasted at Rs38.4 billion, up 78% over the year-ago quarter.
Key administration insights to look into:
-
Traits in mortgage progress, asset high quality -
Outlook on margins and value of funds
|
Rs billion |
June 2022 estimates |
YoY change |
QoQ change |
|
Whole revenue |
126.6 |
14% |
(3)% |
|
NII |
91.0 |
17% |
3% |
|
PPOP |
61.3 |
(1)% |
(5)% |
|
PAT |
38.4 |
78% |
(7)% |
Supply: IIFL Analysis
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