State-owned Rural Electrification Corporation (REC) will declare its second quarter (July-September) earnings today. Key factors to watch out for net interest margin for the quarter gone by, which was elevated at 4.96 percent in Q1 - highest in last four years.
Analysts expect net interest margin to decline by 25 basis points during September quarter.
Also watch out for growth trends and asset quality; movement in spreads and yields on assets; disbursements; and forex loss due to rupee depreciation.
Loan growth is expected to be healthy at around 20 percent while mark-to-market loss is estimated at Rs 70 crore as USD 750 million of borrowings were unhedged.
Analysts do not expect any incremental slippages during July-September quarter.
According to a CNBC-TV18 poll, profit after tax is likely to grow 18 percent year-on-year to Rs 1,128 crore and net interest income may rise 29 percent Y-o-Y to Rs 1,654 crore in three-month period ended September 2013.
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