KR Choksey has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Yes Bank to report net profit at Rs. 888.1 crore down 3% year-on-year (down 18% quarter-on-quarter).
Net Interest Income is expected to increase by 30 percent Y-o-Y (up 13 percent Q-o-Q) to Rs. 2,125.7 crore, according to KR Choksey.
KR Choksey’s earnings estimates for Yes Bank
Expect 32% growth in advances along with slight contraction in NIMs should lead to 30% growth in NII. Slight deterioration in cost structure along with elevated credit costs could result in de-growth at PAT level. Expecting NPA to inch up.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Read More
