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
The bank announced its fourth quarter earnings on Tuesday when Deputy MD of the bank V Srinivasan said that elevated levels of stress on asset quality will remain a key concern for the company and expects the bank's credit cost to be around 125 basis points.
Speaking to CNBC-TV18, Gautam Chhaochharia said that he expects an earnings growth of around 10 percent for the fiscal year 2017 and sees a strong fourth quarter for the pharma sector on a year-on-year basis.
Arundhati Bhattacharya, Chairman, SBI, says the regular slippages are coming down and was around Rs 5,900 crore this quarter against Rs 7,000 crore last year.
Asset quality weakened in December quarter but it was better compared to peers. Gross non-performing assets (NPA) increased 95 basis points QoQ and 20 bps YoY to 5.1 percent and net NPA rose 75 bps QoQ and 9 bps YoY to 2.89 percent in Q3.
Banking heavyweight SBI today reports quarterly earnings and all eyes will be fixed on one number: fresh slippages.
SBI is likely to post net profit at Rs 3250 crore in the October-December quarter, up 11.7 percent from Rs 2910 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, net interest income (NII) may rise 4.3 percent in Q3 to 14375 crore against Rs 13777 crore in year-ago period. NII range is likely to be 2-7.5.
In the near-term, Suresh Ganapathy of Macquarie Capital Securities does not see any re-rating catalyst. He believes the fundamental value of ICICI Bank is at Rs 240-250 per share.
Poor rural demand, low volume growth and lack of pricing power weighed on companies earnings last quarter. However, declining global commodity prices continued to be saving grace. Gross margins of few companies have expanded due to savings in raw material costs.
In an interview with CNBC-TV18's Alexander Mathew, the bank's chief, Arundhati Bhattacharya, explained what was behind the asset quality improvement.
According to average of estimates of analysts polled by CNBC-TV18, profit is seen rising 15.5 percent year-on-year to Rs 3,581 crore and net interest income may increase 6.21 percent to Rs 14,099 crore in July-September quarter.
Nomura has a buy rating on the stock with a reduced target of Rs 335 per share, a 3 percent downside. It has also slashed FY17 PAT by 2 percent factoring in net interest margin.
In an interaction with CNBC-TV18's Manasvi Ghelani, SBI Chairperson Arundhati Bhattacharya spoke about the bank's asset quality and the earnings picture.
Profit on yearly basis is likely to be impacted by rise in provisions, subdued other income and higher operating expenses. Analysts expect fee income to rise 10 percent year-on-year but treasury and dividend income may be weak (in Q4FY15, fee income grew by 9.71 percent and dividend income growth was 36.6 percent).
"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.
The state-owned bank‘s CDR restructuring pipeline currently stands at Rs 2,625 crore.
Vaibhav Agarwal of Angel Broking says on the asset quality front, the bank has reported good numbers. It indicates that like its third quarter, in the fourth quarter too SBI did good recovery and upgrades, he says.
Key factors to watch out for are slippages from restructured book. Fresh resturcing is seen to be at Rs 5500- Rs 6000 crore in Q4. Fresh restructuring could be higher due to forbearance ending.
According to Parag Jariwala, VP-Institutional Research, Banking and Financial Services, Religare Capital there is no reason to be excited with Bank of Baroda slippage number because it could be an aberration and the total stress formation is still high for the bank.
Punjab National Bank (PNB) has reported a disappointing set of numbers in their fourth quarter with net profit falling 61.9 percent to Rs 307 crore on a year-on-year basis.
State Bank of India chairperson Arundhati Bhattacharya says sectors such as iron and steel, textiles, infrastructure, trade and services continue to remain impacted. SBI reported third quarter slippages at Rs 7000 crore.
After strongly bucking the trend of deteriorating asset quality that was witnessed with most banks this season, State Bank of India says it sees margins holding up going forward.
While the bank‘s net profit came in below estimates (Rs 2,910 crore versus expectations of Rs 3,254 crore), its gross non-performing asset (GNPA) margin rose from 4.89 percent a quarter ago to 4.9 percent this quarter.
Net interest income is expected to increase by 2.6 percent Q-o-Q (up 7.9 percent Y-o-Y) to Rs 13613.6 crore, according to Motilal Oswal.
Net interest income is expected to decrease by 1.2 percent Q-o-Q (up 3.8 percent Y-o-Y) to Rs 13119.2 crore, according to ICICIdirect.
Net interest income is expected to increase by 4 percent Q-o-Q (up 9.2 percent Y-o-Y) to Rs 13806.4 crore, according to Kotak Securities.