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Bank of Baroda Q3 results: Net profit rises 5.6% to Rs 4,837 crore, NII up 3%. L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, but misses estimates as EBITDA margins fall. Biocon Q3 results: All business segments grow; EBITDA up 16%, revenue rises 7%. IndusInd Bank Q3 Preview: Profit may see sharp 39% YoY fall amid rising slippages. Nestle India Q3 Preview: Net profit may slip 9% on increased competition
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Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage
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If institutional investors, equipped with extensive research capabilities and resources, behave similarly to retail investors and sell their IPO holdings rapidly, are they truly maximising the potential of their investments?
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Of the 52 brokers tracking the ICICI Bank stock on Bloomberg, 51 have recommended a buy rating, one have a hold on the stock. It has zero analysts who rate sell on the stock.
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Mumbai, May 22 State-run Bank of Maharashtra is eyeing a 25-30 per cent growth in its net profit in the current financial year, aided by a healthy ..
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With retail category highly likely to be oversubscribed, how can an investor improve her chances of taking a lot home
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Bajaj Finance’s net interest income (NII) surged 30 percent y-o-y to Rs 6,068 crore in the March quarter. The other large component of its revenues was in the form of fees and other income of Rs 1,164 crore, up 51 percent from the same period last year
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A Prime Database study which was reported in the media shows that Rs 21.9 lakh crore was borrowed by non-banking finance companies (NBFCs) through commercial papers (CPs) to fund NIIs. To put it differently, Rs 1.21 crore was funded by NBFC to NIIs for every Rs 1 lakh of allotment. As a result, most of the decent issues are getting between 200-300 times oversubscription in the NII segment.
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Experts are of the view that the long-term potential of HDFC is intact. The stock is a must for investors looking at companies that can deliver growth without compromising safety.
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IDBI Bank is also in talks with investors, including LIC to raise Rs 10,000 crore capital by the end of the second quarter to meet minimum regulatory requirements.
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Most brokerage firms have maintained their rating on HDFC after it posted its Q4 numbers
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"Post demonetisation and GST roll out, a lot of formalisation in credit has happened and we are seeing a lot of demand for loans across the segments. All our retail financing businesses continue to grow well with steady asset quality," its founder and chairman, V Vaidyanathan said.
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Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.
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Slippages below Rs 6000 crore will be positive
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The price action seen in the stock market suggests it is tiring but traders should respect the screen and stay on the "liquidity gravy train" or they risk being blindsided by it, says CNBC-TV18 Consulting Editor Udayan Mukherjee.
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Budget 2016 real estate allotment and 'Housing for All' initiative will improve the industry conditions in India, says Sudhin Choksey, the managing director of Gruh Finance.
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About 60 percent of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas, sources said.
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Public sector lender Bank of Baroda reported a net loss of Rs 3,230 crore in the fourth quarter while the net interest income (NII) rose 5 percent to Rs 3,330 crore.
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Its provision in Q4FY16 increased to Rs 6858 crore compared to Rs 6164.5 crore on sequential basis and Rs 1817.5 crore YoY.
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According to a CNBC-Tv18 poll, the bank's net interest income (NII) may also fall 4.4 percent to Rs 3032.6 crore against Rs 3171.7 crore in year-ago period.
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Kotak Mahindra Bank is likely to see standalone net profit at Rs 689 crore in January-March quarter, up 8.5 percent from Rs 635 crore in last quarter. According to a CNBC-TV18 poll, the private lender's net interest income (NII) may jump 3.8 percent at Rs 1832 crore against Rs 1766 crore in quarter-ago period.
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Analysts polled by CNBC-TV18 say that SKS Microfinance's margin may improve on account of lowering interest rate.
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Provisions in Q4FY16 jumped to Rs 545 crore from Rs 68 crore on sequential basis. Provision includes Rs 450 crore towards stand assets and other contingencies.
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During the last quarter, there was no sale of loans to any asset reconstruction companies (ARC). There was sale of a standard account to an ARC, says Lakshmi Vilas Bank CFO Palaniappan Manickam.
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YES Bank has posted better-than-expected net profit at Rs 702.1 crore in January-March quarter, up 27.4 percent from Rs 551 crore in corresponding quarter last fiscal. It net interest income (NII) grew 27.1 percent at Rs 1241.4 crore in Q4 against Rs 977.1 crore in year ago period.
