India’s fourth-largest private lender by way of market capitalisation Axis Bank is expected to report a net profit of Rs 6,305.25 crore for the quarter ended March 31, 2024, according to average estimates of four brokerages against the loss of Rs 5,728 crore reported by it in the year-ago period.The recovery in profit after tax (PAT) will be led by an uptick in interest income where the bank is seen to report a net interest income of Rs 12,926 crore, up by 10.60% on a year-on-year basis, the average estimates revealed.The lender will announce its quarterly earnings on April 24, Wednesday.Axis Bank shares ended at Rs 1,055 on the NSE on Tuesday, up by Rs 1.05 or 0.10% over Monday’s…
Read More…