A man walks under signage for Yes Bank Ltd. in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)  

Earnings Today: Yes Bank’s Growth Momentum May Continue In Q2

Private sector lender Yes Bank Ltd., Crompton Greaves Consumer Electricals Ltd. and Biocon Ltd. are among companies reporting their July-September quarter earnings today. Dominos Pizza chain operator Jubilant FoodWorks Ltd. and L&T Finance Holdings Ltd. have already release its results.

Yes Bank is expected to see a nearly 30 percent jump in profit over the same quarter last year backed by strong loan growth, according to Bloomberg consensus estimates. Net interest income may rise 29 percent year-on-year, while the net interest margin could come in at around 3.6-3.7 percent. The lender’s asset quality may remain steady with gross non-performing assets forming around 1 percent of the total assets.

What To Watch

  • Implementation of retail strategy on assets and liabilities
  • Guidance on exposure to top 50 NPAs

Biocon's profit may fall 30 percent year-on-year due to increasing competition and margin pressure in the U.S. and other key markets. Operating margin may narrow 250 basis points to 22.9 percent. Revenue, however, is expected to rise 8 percent to Rs 1,027 crore.

What To Watch

  • Growth of insulins in the emerging markets
  • Upfront expenses related to Malaysia site commercialisation
  • Ongoing remediation

Crompton Greaves Consumer Electricals may see an 8.7 percent rise in profit as its lighting segment delivers a strong performance aided by an early festive season. However, the margin may narrow more than 300 basis points to 10.7 percent. Revenue is expected to rise 6.6 percent to Rs 949 crore over the same quarter last year.

What To Watch

  • Impact of re-stocking post GST transition
  • Electrical consumer durables growth
  • Commentary on acquisition of Kenstar from Videocon

Other Earnings Today


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