Higher provisions, loans under recast: Expectations from Axis Bank's Q2 nos

Analysts expect the net profit to come in at Rs 1,740 crore along with pre-provision profit (PPP) at Rs 6,380 crore.

Mumbai-based Axis Bank may report up to 145 per cent sequential improvement in its net profit at Rs 2,700 crore when it declares its September quarter results (Q2FY21) on Wednesday, October 28. The lender, according to analysts, may see muted expansion in its loan book, keeping credit costs below 3 per cent.

In three months to September, the lender’s stock rose 4 per cent as against a 9 per cent gain in the benchmark S&P BSE Sensex, ACE Equity data show.

Here's what leading brokerages expect.

Nomura

Analysts at Nomura see 3 per cent sequential loan growth and stable margins