YES Bank Q1 Preview: Soft quarter expected on weak underlying business; PAT may fall up to 9%
YES Bank is set to release softer numbers for the first quarter ended June, with weakened underlying business growth. Analysts predict mid single-digit YoY growth in the lender’s net interest income, but decline sequentially given weak loan expansion. Kotak Institutional Equities estimates a 6% rise
Nithin Kamath on RIL demerger: Companies should announce acquisition cost in advance
“Companies normally take time, even after ex-date, to announce COA (cost of acquisition). Without this, trading apps can’t adjust the buy average price for holdings downward to account for the demerger. This increases the risk of a retail investor panicking and exiting after seeing an artificial loss,” Kamath said.
Paytm Q1 Results: Net loss narrows to Rs 357 cr; revenue jumps 39%
At the operating level, EBITDA before ESOP improves to Rs 84 crore, with margins at 4%, driven by increase in contribution margin and operating leverage. Revenue from payments business is up 31% YoY to Rs 1,414 crore in the quarter
Kotak Mahindra Bank Q1 Preview: PAT may surge 65% YoY, but NIMs to cool off
Net interest income may zoom 35% YoY to Rs 6,337 crore, observe analysts. The private sector lender is set to report its first quarter earnings on Saturday
Inflation set to overshoot RBI’s target in July, August on high vegetable prices: Nomura
The government, which banned non-basmati rice exports earlier this week, is likely to usher in more supply-side measures to tame the price rise going forward, Nomura said in a note. “We expect continued supply-side interventions, with inflation likely to be above 6 per cent levels in July and August, buoyed by sky-high vegetable prices,” Nomura […]
Tech View: Nifty support shifts to 19,700. What traders should do next week
Now, it has to hold above 19700 zones to extend the move towards 19900 then 20000 zones, while on the downside, support is placed at 19650 and 19550 zones, said Chandan Taparia of Motilal Oswal.
Paytm to report its Q1 results today. Here’s what you can expect
Paytm is expected to announce stable revenue growth in its first-quarter earnings, with growth in its financial services offset by weak commerce business and lower payments revenue. The company’s revenue growth is mixed, with some predicting up to 14% growth, while others anticipate flat or lower revenue.
HUL’s stock falls 3% as FMCG major misses Street’s estimates. Should you buy?
HUL reported a standalone net profit of Rs 2,472 crore for the June quarter which was up 8% year-on-year versus Rs 2,289 crore posted by the company in the year-ago period. The company’s sales increased 7% YoY to Rs 14,931 crore. An ET NOW poll of analysts had anticipated the profit figure at Rs 2,615 […]
Federal Bank raises Rs 959 crore from IFC via preferential issue
India’s Federal Bank has raised 9.59 billion Indian rupees ($116.92 million) via preferential issues of shares to the International Finance Corporation (IFC), a member of the World Bank Group.
JSW Steel Q1 PAT surges 189% YoY to Rs 2,428 cr; revenue up 11%
Consolidated crude steel production for the quarter stood at 6.43 million tonnes, higher by 11% YoY and lower by 2% QoQ. The company had taken certain scheduled shutdowns at Indian operations during the quarter, hence the average capacity utilisation for Q1FY24 was 92% compared to 96% in Q4FY23, the exchange filing said.