YES BANK LTD Q1 RESULTS
India Inc: Key takeaways from Q1 results season
In Q1FY25, Bank and Auto stocks outperformed, while Infrastructure, Pharmaceuticals, and Metals lagged, resulting in modest 3% earnings growth. Revenue growth stayed at 9%. Real estate, pharmaceutical, and IT sectors highlighted notable revenue and profitability growth. Banks' NIMs remained stable, and auto sales surged, especially in two-wheelers and commercial vehicles.
Hindalco Q1 results today: Here's what to expect
Hindalco Q1 results today: Hindalco may report an 11% YoY revenue growth with profits expected to rise 39% YoY. Analysts emphasized strong volumes and higher aluminum pricing effects. Motilal Oswal, Kotak Equities, and YES Securities stressed the significance of commissioning multiple capex projects and Novelis' EBITDA guidance. Factors like better realizations and stable costs contributed to the positive outlook.
Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY
Hero MotoCorp's net profit for the quarter ending June 30, 2024, was projected between Rs 1,119 crore and Rs 1,926 crore, marking 14%-35% growth year-on-year. Revenue estimates ranged from Rs 10,232 crore to Rs 11,778 crore, driven by increased volumes and average selling prices. The company’s quarterly earnings were scheduled for announcement on August 13.
Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix
Eicher Motors Q1 Result Today: Eicher Motors' net profit for the quarter ended June 30, 2024, was projected between Rs 943 crore and Rs 1,034 crore. Revenue estimates ranged from Rs 4,178 crore to Rs 4,273 crore. The profit rise was attributed to volume growth and higher average selling prices of Royal Enfield motorcycles, according to multiple brokerages.
SoftBank Q1 Results: Co books $70.7 million profit
Japanese technology investor SoftBank Group reported a net profit of 10.4 billion yen ($70.7 million) in the April-June quarter, driven by strong tech stock valuations, but missed analysts' expectations of 109 billion yen ($748 million).
BoI posts 10% YoY rise in Q1 net profit
Net Interest Income (NII), or the difference between the income earned on lending and cost of borrowing, increased 6% from a year ago to ₹6,275.8 crore, the bank said on Saturday.
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SBI Q1 net rises 1% as loan loss provisions widen
Loan loss provisions increased 70% year on year to ₹4,518 crore from ₹2,652 crore in the year earlier, squeezing net profit despite loan growth remaining strong. Chairman Dinesh Khara said the provisions were mostly related to legacy standard assets and the asset-quality outlook for the bank remained unchanged."We don't have any challenges in asset quality," Khara said.
Utkarsh Small Bank Q1 net surges 28%
Operating profit for the quarter was 41% higher at ₹311 crore compared with ₹221 crore. Net interest income rose 36% at ₹573 crore.
SBI Q1 Results: PAT rises marginally YoY to Rs 17,035 crore, beats estimates
SBI Q1 Results: The public sector lender reported PAT at Rs 16,884.29 crore in the year-ago period. The Street had estimated PAT at around Rs 16,786 crore. During the reported quarter, the interest earned amounted to Rs 1,11,526 crore, marking a 16% increase compared to the Rs 95,975 crore reported by the lender in the same quarter of the previous financial year. The bank's interest expenditure for the April-June quarter was Rs 70,401 crore, up from Rs 57,041 crore, representing a 23% year-over-year increase.
Q1 Results Today: SBI among 41 companies to announce earnings on Saturday
State Bank of India, India's largest public sector bank, is expected to report a slight decrease in profits for the first quarter of 2024 due to increased provisions, despite a projected 10% growth in net interest income.
SBI Q1 Preview: Earnings growth to moderate with likely PAT decline on higher expenses, provisions
SBI Q1 Preview: Net profit for the April-June 2024 period may decline 3% year-on-year, according to an average estimate of six brokerages. Net interest income for the same period, meanwhile, is seen rising around 10% year-on-year.
Dabur Q1 Preview: Domestic volumes to drive revenue growth by 6% YoY; margins to expand
Dabur India’s revenue for Q1 2024 likely witnessed a 6% year-on-year growth, driven by rural market improvement and international business. Domestic volumes reportedly grew by 5-6%, with gross margins expected to improve by up to 200 bps YoY. Higher ad-spends were seen moderating EBITDA margins slightly.
ITC Q1 Preview: Cigarettes to drive earnings growth, but agri and paper remain weak
ITC Ltd reported a notable revenue growth for Q1 2024, primarily fueled by its cigarettes and hotels businesses. Revenue increased by 6% compared to the same period last year, and net profit saw a 3% rise. However, the paper and agri segments continued to face challenges, impacting overall margins.
Mahindra and Mahindra Q1 Preview: Revenue may rise 16% YoY, but profit seen muted
Mahindra and Mahindra experienced notable revenue growth in Q1 FY24, driven by robust performance in its tractor and automotive segments. While revenue increased about 16%, profits remained flat or saw a slight decline. The company's overall volume grew by 11%, bolstered by 13% growth in autos and 6% in tractors.
Maruti Suzuki Q1 Preview: PAT may jump 30% YoY; revenue growth seen stable
Maruti Suzuki's first quarter of 2024 showed stable revenue growth with a 7% year-on-year increase, supported by rising utility vehicle sales. Net profit rose by 30%, and operating efficiency improved due to lower raw material costs. However, the average selling price remained flat over the period.
Q1 results today: Maruti, M&M among 115 companies to announce earnings on Wednesday
Q1 results today: In the first quarter earnings season, 115 companies announced results, including Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, and Bank of Baroda. M&M and Maruti expected mixed revenue and profit changes, while Tata Steel's profit was predicted to rise notably amid a revenue drop. Several others also reported their quarterly performance.
CSB Bank Q1 Results: Net profit falls 14% YoY to Rs 113 crore, NII marginally lower
Private sector CSB Bank on Monday reported a 14% year-on-year fall in net profit for the June quarter due to higher provisions and a squeeze in net interest income..
Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday
Q1 Results Today 29 July 2024: Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results. | Latest Updates
Dr Reddy's Q1 Preview: PAT may fall 4% YoY on pricing pressure, subdued US sales
In the preceding March quarter, Dr Reddy's reported a consolidated net profit growth of 36% year-on-year to Rs 1,307 crore, while revenue from operations rose 12% year-on-year to Rs 7,083 crore.
IndusInd Bank Q1 Results: Cons PAT rises 2% YoY to Rs 2,171 crore, NII jumps 11%
IndusInd Bank Q1 Results: The lender had reported a net profit of Rs 2,124 crore in the year-ago period. Net interest income for the first quarter of FY 2025 rose by 11% compared to the same period last year, reaching Rs 5,408 crore. Despite this increase, the net interest margin remained stable at 4.25%. While gross and net non-performing assets (NPAs) saw a slight uptick to 2.02% and 0.60% respectively, the provision coverage ratio (PCR) held steady at 71% as of June 30, 2024.
IndusInd Bank Q1 preview: 16% YoY PAT growth seen but higher cost of funds to hit earnings sequentially
IndusInd Bank Q1 Preview: IndusInd Bank is projected to post a net profit between Rs 2,140 crore and Rs 2,456 crore for the quarter ending June 30, 2024, according to brokerage estimates. These projections suggest that the profit after tax (PAT) for the April-June quarter could see a year-on-year (YoY) growth ranging from 0.7% to 15.6%, indicating a broad spectrum of potential PAT growth.
Canara Bank Q1 Results: Profit rises 10% YoY to Rs 3,905 crore, NII up 6%
Canara Bank Q1 Results: Net interest income or NII during the reporting quarter increased 6% year-on-year to Rs 9,166 crore as against Rs 8,666 crore in the last year period. Provisions for Q1 fell 16% YoY to Rs 2,282 crore, of which provisions for the non-performing assets declined 10% YoY.
Nestle India Q1 Results Preview: PAT may grow 13% YoY; margins to expand on deflation in prices
Analysts estimate an EBITDA margin expansion anywhere between 90 bps and 237 bps, due to sharp deflation in palm oil and milk prices and operating leverage. Investors can watch out for management commentary around demand in urban and rural areas and raw material costs.
Axis Bank Q1 Results: Standalone PAT rises 4% YoY to Rs 6,035 crore, NII jumps 12%
Axis Bank Q1 Results: The lender reported Rs 5,797 crore profit in the year-ago period. Its interest expense for the quarter rose significantly to Rs 16,613 crore, marking a 22% increase compared to the Rs 13,598 crore spent in the same period the previous year. Its net interest income grew 12% YoY and 3% QoQ to Rs 13,448 crore while the net interest margin (NIM) for the quarter stood at 4.05%.
Federal Bank Q1 Results: PAT rises 18% YoY to Rs 1,009 crore, NII rises 19%
Federal Bank reported a standalone net profit of Rs 1,009.5 crore for the quarter ended June 30, 2024, up by 18.2% on a YoY compared to Rs 853.74 crore reported in Q1FY24. NII for the quarter stood at Rs 2291.98 crore, a 19.46% rise over Rs 1,918.59 crore reported in Q1FY24.
Axis Bank Q1 Results today: Profit seen to jump 11% YoY; NIMs to decline
Axis Bank’s Q1 results, to be released on July 24, may show 11% NII growth, 12% net profit increase, and 15% loan growth. NIMs are likely to drop by 6-8 bps. Analysts foresee Rs 4,500 crore PSL slippages and cost pressures affecting NII growth and ratios. March quarter profit was Rs 7,130 crore.
YES Bank shares climb 5% after Q1 profit grows 47% YoY to Rs 502 crore
YES Bank shares surged 5% to Rs 26 on BSE following its report of a standalone net profit of Rs 502.43 crore for Q1 FY2024, marking a 47% increase from Rs 342.52 crore a year ago. Interest earned in the quarter rose 19.8% to Rs 7,719.15 crore from Rs 6,443.22 crore in the same period last year.
Yes Bank Q1 Results: Standalone PAT grows 47% YoY to Rs 502 crore, net interest income jumps 12%
Yes Bank's interest expenses rose 23% year-on-year in Q1 FY25, reaching ₹5,475.11 crore. However, net profit still grew 11.2% quarter-on-quarter to ₹502 crore. Net interest margins remained stable at 2.4% compared to the previous quarter.
Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
HDFC Bank's Q1 FY25 financial results are likely to be less impressive than the previous quarter, primarily due to slower deposit growth. The merger with HDFC Ltd. makes year-over-year comparisons irrelevant. Loan growth is also expected to moderate, impacting net interest income. While the bank navigates the challenges of integration and a tougher economic environment, its profitability might see a minor dip in this quarter.
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