Edelweiss has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Banking & Financial Services sector. The brokerage house expects IDFC Bank to report net profit at Rs. 131.7 crore down 25.2% year-on-year (down 9.9% quarter-on-quarter).
Net Interest Income (NII + OI) is expected to increase by 29.8 percent Y-o-Y (down 0.1 percent Q-o-Q) to Rs. 725 crore, according to Edelweiss.
Edelweiss’ earnings estimates for IDFC Bank
Business momentum will likely be on track. Asset quality may witness some volatility given stress accumulating in power segment. The momentum of liability franchise needs to be seen.
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