Apart from the above, 3P Land Holdings, Colorchips, Fredan Pharma, Godavari Power, IFB Industries, Indo Thai Securities, Kedia Construction, Kyati Global Ventures, REC Limited, SBFC Finance, Sejal Glass and several others will also announce their results.
ICICI Q2 Expectations
India’s second-largest private lender ICICI Bank is expected to report an 8-11% jump in its net interest income for the quarter ended September 30, 2024, according to estimates by five brokerages. NII figures Rs. 19,804 crore and Rs. 20,292 crore may be between.
Net profit for the reporting quarter was Rs. 10,930 crore – Rs. 11,437 crore is seen in the range which could grow by 7-11%.
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JM Financial is the most bullish on revenue and profit after tax (PAT) figures while Japanese brokerage Nomura has the most conservative PAT estimate while Kotak Institutional Equities has the lowest estimate on revenue.
Nomura, Kotak and Sharekhan also saw PAT decline by 1% sequentially.
Lenders are likely to see margin pressure in the July-September quarter, although the NIM compression cycle seems to be gradually receding, according to Kotak, calling it a key positive outcome.
Yes Bank Q2 Expectations
Yes Bank is expected to report a strong set of numbers in the quarter ended September due to growth in the lender’s loan book. Net Interest Income Rs. 2,129 crore and Rs. 2,359 crore in the range of 11% to 23%. Meanwhile, net profit rose 115% to Rs. 4,843 crore can be done.
JM Financial, Nomura and Kotak Institutional Equities have rated it.
Nomura remains the most bullish on Yes Bank’s net profit figures for the reporting quarter, while JM Financial’s NII estimate is the highest among its peers.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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