At Moneycontrol, the Results page helps you effectively track corporate announcements and results for various listed companies across both India and abroad. With our Results page, you can keep abreast with an updated, comprehensive view of all the profit/loss statements, company spendings, AGM outcomes, and quarterly and annual results from all these listed companies. Additionally, Moneycontrol also regularly tracks international MNCs listed on NASDAQ and Asian bourses, including popular companies like Apple, Google, Alibaba. Apart from finding solid copies of company results, stock movements consequent to these company results, expectations, and analytical post results copies, you will also find copies and articles detailing the earnings, impact, and all major announcements made to media/exchanges by these companies, so that you do not miss anything. We also provide you with concrete data points to help you spot profitable trades, stock build-ups, and bulk deals. At Moneycontrol, we also cover analysts/investors meetings; scrutinise results and data and BSE/NSE reports or news. The copies are not just full of information and data, but are also adequately supplemented with expert views, investor opinions, extensive interviews, videos, and a huge variety of explainers, analyses, and informative slideshows to help you gauge the market and make investment decisions in the best possible manner. More
Net Interest Income (NII) is expected to increase by 5.3 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 4,627.2 crore, according to Sharekhan.
Motilal Oswal expects Bank of Baroda's slippages to be moderate but remain at elevated levels (4.8 percent annualised)
The public sector bank reported a 160 percent jump in net profit to Rs 528.3 crore for the quarter ended June, beating analyst estimates. In the same quarter last year, profit was Rs 203.4 crore.
As per a Motilal Oswal report, the net profit is likely to drop by 32 percent to Rs 138 crore from Rs 203 crore in June quarter ending 2017
Global brokerages observed that the bank had a soft quarter, but see profitability increasing ahead. Having said that, they have collectively reduced their target prices on the stock, with a downside of up to 14 percent.
Worsening asset quality continues to haunt Bank of Baroda in the third quarter due to elevated slippages. In an interview with CNBC-TV18, PS Jayakumar, Managing Director & CEO of Bank of Baroda spoke about the results and his outlook for the company.
State Bank of India has reported a net loss of Rs 2,416 crore this quarter. In an interview with CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India spoke about the results and his outlook for the company.
Analysts said if slippages come below Rs 3,500 crore (against Rs 3,451 crore in Q2FY18), gross non-performing assets improve (from 11.16 percent), and domestic net interest margin above 2.65 percent (2.68 percent) then that would be taken positively by the Street.
Bank of Baroda has strong operating trends and has been staying ahead of peers, UBS said while maintaining a buy call on the stock with increased target price at Rs 230 from Rs 220 per share.
Analysts feel if slippages come below Rs 3,500 crore (against Rs 5,200 crore in Q1FY18), gross non-performing assets improve (11.4 percent in Q1) and net interest margin comes above 2.5 percent (2.48 percent) then that would be taken positively by the Street.
Stressed assets continue to haunt Bank of Baroda with slippages coming in at the highest levels in the last four quarters. In an interview to CNBC-TV18, PS Jayakumar, MD & CEO of Bank of Baroda spoke about the results and his outlook for the company.
Bank of Baroda's total stressed assets increased from 10.8 percent to 11.7 percent sequentially. Net interest income was up 1 percent YoY and profit tanked 52 percent to Rs 203.4 crore in Q1.
Slippages and operating profit growth will be key factors to watch out for. Slippages from restructured book will be seen closely.
Vishal Goyal, Executive Director-Leading Banks and Financial Research at UBS India shared his outlook on what could unfold in the Q1 results for the banking universe.
Global and domestic brokerages have a buy or neutral call on the stock on the back of stable numbers as well as better asset quality.
The bank expects retail loan book to grow at 20 percent and corporate loan book to growth at over 18 percent in FY18, said PS Jayakumar, MD & CEO, Bank of Baroda.
Some of the top public sector banks declared their quarterly results last week and senior analyst MB Mahesh of Kotak Institutional Equities says there have not been any major negative surprises. The results were in-line for some banks and better-than- expected for others, he says.
Loan growth would be a disappointment as compared to investors' expectations and return on equity visibility beyond 12-14 percent by FY2019 still poses as a challenge, the brokerage house says. Kotak has increased target price to Rs 170 from Rs 160.
Bank of Baroda has a decent pipeline for loan growth and is not looking to cut its lending or deposit rates currently, says MD and CEO PS Jayakumar,
Net interest income, the difference between interest earned and interest expended, may grow 24.2 percent to Rs 3,360 crore against Rs 2,705.3 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18.
HDFC Bank profit in third quarter grew by 15 percent to Rs 3,865.3 crore compared with Rs 3,356.84 crore in year-ago period. Net interest income increased 17.5 percent year-on-year to Rs 8,309 crore in the quarter gone by.
According to Sanjiv Bhasin of IIFL there is a lot of pessimism around the third quarter earnings but he expects banks to be in a sweet spot.
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
Net Interest Income is expected to increase by 2.3 percent Q-o-Q (up 6.3 percent Y-o-Y) to Rs 3448.9 crore, according to KR Choksey.
Gross non-performing assets (GNPA) of Bank of Baroda will likely continue to increase till the third quarter and then start coming off from the fourth quarter onward says MD & CEO PS Jayakumar even as he draws attention to the significant improvement in operating earnings.