Key Points
State-run and private sector banks may face modest earnings growth in the fiscal first quarter squeezed by pressures on net interest margin (NIM) mainly due to higher deposit costs...
"This, coupled with a slight moderation in weighted average lending rate for the system, mainly public sector banks, points to the continued pressure on sector margins in the near term," he said.. Emkay Global Financial Services expects banks' pre-provisioning operating profit to record sluggish growth of 4% on-year in the June quarter, and 4% lower sequentially, mainly due to lower margins and higher operational costs, especially for private sector lenders...
He expects public sector banks to be relatively better off with net profit growth at 14% y-o-y vs 8% for private peers, backed by limited margin contraction, trading gains, lower staff cost and contained credit cost...
Motilal Oswal differed on this count, expecting private banks to report earnings growth of 15.6%, ahead of public sector banks 11.5% increase.. The brokerage forecast State Bank of India to report net profit at Rs 16,860 crore in the fiscal first quarter, almost unchanged from Rs 16,884 crore a year earlier..
The bank's margin is expected to remain under pressure in the near term, as deposit mobilisation may take some time before funding cost normalises and borrowings are replaced by lower cost deposits, Motilal Oswal said.. "Treasury performance is likely to remain healthy, underpinned by a decline in bond yields and buoyant capital markets..
You might be interested in
PSU Banks Q1 results update: PNB, SBI lead as lenders on a strong footing, double the bottomline
09, Aug, 23The overall net profit of 12 PSU banks in the first quarter of FY24 surged to ₹34,418 crore as compared to a net profit of ₹15,307 crore recorded in the April-June quarter of FY23.
TMB net profit rises 4.6% in Q2 FY24
27, Oct, 23India Business News: CHENNAI: Private sector Tamilnad Mercantile Bank (TMB) posted 4.
Union, IDBI, ICICI and IDFC First Bank shares gain on higher Q3FY24 profits
21, Jan, 24India Business News: Mumbai: Union Bank of India and IDBI Bank reported the highest increase in Q3FY24 net profit at 60% and 57%, respectively, among the banks that declar.
Stocks in news: RIL, Paytm, HUL, IndusInd Bank, HDFC Bank
19, Jan, 24Private lender IndusInd Bank's standalone net profit grew 17% to Rs 2,298 crore for the quarter ended December. Net interest income for the third quarter rose 15% to Rs 5,296 crore.
Stocks in news: L&T, Dr Reddy’s, Apollo Tyres, Nazara Tech, SpiceJet
10, May, 23The fast moving consumer goods major is seen reporting a double-digit growth in the consolidated net profit for the March quarter, on the back of a similar growth in the topline.
At 16.9k crore, SBI posts highest quarterly profit
05, Aug, 23India Business News: MUMBAI: State Bank of India has reported its highest-ever quarterly net profit of Rs 16,884 crore for April-June 2023.
Nykaa Q4 results: Share price falls over 2% after Q4 profit plunges nearly 72%
25, May, 23FSN E-Commerce Ventures, which runs retail stores under the name Nykaa, reported a 71.8% decline in net profit to ₹2.4 crore in Q4FY23 as against a net profit of ₹9 crore in the corresponding quarter last fiscal.
Q4 results today: What to expect from HDFC, Adani Enterprises, Dabur, Tata Power, TVS and Hero
04, May, 23HDFC is predicted to report a 4% YoY growth in net profit for Q4 due to provisions, while Dabur's revenues are expected to increase by 5%. Meanwhile, Tata Power could post a 13% YoY growth in revenue and a 50% rise in net profit, while TVS Motor's earnings are set to benefit from a favourable mix. Finally, Hero MotoCorp may report an 11% YoY growth in revenue and a 120 bps QoQ improvement in EBITDA margins. Adani Enterprises' profit and revenue figures are not available as they announce their Q4 results amid ongoing investigations.
YES Bank Q2 Preview: Profit likely to double YoY; NII seen flat
20, Oct, 23The focus for the bank is shifting toward rebuilding the business and investors should watch out for commentary on growth and return to normalised levels of business operations. YES Bank posted 10% growth in its June quarter profit at Rs 342.52 crore. Its net interest income was up 8% from a year ago and stood at Rs 2,000 crore.
Stocks in news: Kotak Bank, Ultratech Cement, Varun Beverages, Tata Steel, Ambuja Cements, Bank of Barod
02, May, 23UltraTech Cement's consolidated net profit fell 36% to Rs 1,666 crore for the fourth quarter ended March. Revenue from operations during the fourth quarter rose 18% to Rs 18,562 crore