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Analysts expect Rs 1,500-1,800 crore slippages in Q2 but slippages from restructured book (which was only Rs 292 crore in June quarter) will also be watched.
Ravi Menon, Analyst-IT Services, Elara Capital expects TCS to deliver 4.2 percent as constant currency growth and 3.9 percent in dollar terms in Q2.
Vaibhav Agrawal of Angel Broking is very bullish on ICICI Bank with a target price of Rs 370.
Within other income, key factor to watch out for would be its fee income as the management expects double digit fee income growth in FY16. In Q4FY15, other income grew by 17.5 percent Y-o-Y to Rs 3,496 crore with fee income up 8.3 percent.
Amid generally weak sales performance, sectors that are likely be stronger are IT (14 percent), pharma (12 percent), media & entertainment (12 percent) and retail (10 percent), says Emkay.
"We expect around 15 percent year-on-year profit after tax (PAT) growth for private banks with stable pre-provision operating profit (PPOP) growth. PSUs will likely have a tough quarter operationally with elevated asset quality stress along with pressure on net interest margins," said Nomura.
Jignesh Shial, Research Analyst at IDBI Cap Markets, says the stock is a buy but adds that investors should keep a cautious stance on it.
Net interest income is expected to increase by 3.8 percent Q-o-Q (up 14.7 percent Y-o-Y) to Rs 4996.7 crore, according to Motilal Oswal.
ICICI Bank, which will announce its Q4 earnings on April 27, is expected to report strong jump in profit due to exchange gains from repatriation income, feel analysts. Profit is likely to grow 11 percent year-on-year to Rs 2,944 crore and net interest income may climb 13.7 percent to Rs 4,952.8 crore in the quarter ended March 2015.
Abhishek Kothari, banking analyst, Quant Broking expects an earnings downgrade on Bank of Baroda.
Vaibhav Agrawal – vice-president, research banking - Angel Broking is disappointed with the bank‘s asset quality. The increase in gross and net non-performing assets are well above what he was factoring in.
ICICI Bank, the largest private sector lender in India, is expected to report 15 percent (each) growth in profit and net interest income of the third quarter, according to the average of estimates of analysts polled by CNBC-TV18. Numbers will be announced on Friday.
According to independent market expert Ambareesh Baliga, there is a further possibility of a correction in HUL. The business sentiment is high and the macros are improving but unless government starts spending, it will take some time for the investment cycle to really pick up.
Banks and consumers, however, drove earning season for Q2 with Sensex heavyweights like ICICI Bank, State Bank of India, HDFC Bank, ITC and Maruti leading the growth trajectory.
Maintaining its cautious view, global rating agency Moody's recently said that it remains negative on Indian banks on the back of high leverage in the corporate sector.
Jignesh Shial of IDBI Capital Markets wants to hear the management commentary on the kind of corporate loan pickup the bank is seeing.
Net interest income is expected to increase by 3 percent Q-o-Q (up 14 percent Y-o-Y) to Rs 4625 crore, according to KRChoksey.
Net interest income is expected to increase by 2.1 percent Q-o-Q (up 13.4 percent Y-o-Y) to Rs 4586.9 crore, according to Motilal Oswal.
Profit may increase to Rs 2,713 crore from Rs 2,352 crore and net interest income is seen rising to Rs 4,647 crore from Rs 4,043 crore during the same period.
Nilesh Parikh Edelweiss Financial Services recommends buying OBC given its valuations.
As the earnings season winds up and most of India‘s notable corporates have posted their quarterly results updates, net profits were slightly ahead of estimates, according to projections by brokerage firm Kotak, but there was “limited evidence of a meaningful upgrades to earningsâ€.
ICICI Bank posts stable third quarter earnings. Net profit is up 12.5 percent at Rs 2,532.2 crore.
In an interview to CNBC-TV18, Nilesh Parikh of Edelweiss Financial Services; Rajiv Mehta of IIFL and Hatim Broachwala of Karvy Stock Broking spoke about ICICI Bank‘s Q3 earnings and their outlook on the stock.
The stock in focus is ICICI Bank, which has significant weightage on the Nifty, will be coming out with its numbers today. Here's Ekta Batra of CNBC-TV18 with what the street is expecting.
Profit after tax is expected to grow 10 percent year-on-year to Rs 2,476 crore and net interest income may rise 20 percent to Rs 4,213 crore in the quarter ended December 2013.