Private sector lender IndusInd Bank 's first quarter (April-June) profit is likely to increase 24.5 percent to Rs 654 crore compared with Rs 525 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18. Net interest income, the difference between interest earned and interest expended, may grow a whopping 32.9 percent to Rs 1,304 crore in quarter ended June 2016 compared with Rs 981 crore in same period last year.
Analysts say the stock may react positively if gross non-performing assets remain below 1 percent (0.87 percent in Q4), credit cost below 20 basis points (17 bps in Q4) and net interest margin comes above 3.9 percent (3.94 percent in Q4). Performance of diamond business portfolio will be keenly watched due to weakness in the sector. The bank had acquired diamond & jewellery financing business of Royal Bank of Scotland in July 2015.
http://www.bonazcapital.com/free-trial/
About Share Market Tips
0 comments:
Post a Comment