Results to watch out – Yes Bank, Biocon, United Spirits


The results which are expected today are Yes Bank, Biocon, United Spirits, Crompton Greaves Consumer Electricals, Cummins India, Equitas Holdings, Gic Housing Finance, Indiabulls Ventures, Jubilant Foodworks, L&T Finance Holdings, Shoppers Stop, Sharda Cropchem, Srei Infrastructure, Vijaya Bank, Whirlpool of India.

Here are the street expectations for Yes Bank Q2FY18 (YoY):
  • PAT likely to increase by 29% to Rs 1,035 crore.
  • NII is seen rising 28.8% to Rs 1,863 crore.
  • NIM seen at 3.6-3.7%.
Yes Bank is a private sector bank with over ~1% domestic market share. Its advances are attributable ~67.7% to corporate segment while the remaining ~32.3% were to mid corporate, MSME and retail segment as of FY17. It has a CASA ratio of 36.3% and stable asset quality with GNPA of ~1.52% as of FY17.

Yes Bank Ltd is currently trading at Rs 337.25, up by Rs 9.6 or 2.93% from its previous closing of Rs 327.65 on the BSE.





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