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[hfe_template id='11223'] [ad_1] Yes Bank is expected to report double-digit growth in its March quarter earnings, with net profit rising by 35–44% on a year-on-year basis, according to estimates by a couple of brokerages. The topline could be in the range of Rs 608 crore to Rs 652 crore in Q4FY25. The lender’s Net Interest Income (NII) could show a modest single-digit uptick in the quarter under review amid margin pressure. The estimates are from JM Financial and Anand Rathi Share and Stock Brokers. Yes Bank will announce its earnings on Saturday, April 19, 2025, along with heavyweights HDFC Bank and ICICI Bank. Here's what they recommend: JM Financial’s Estimates JM Financial expects Yes Bank to report a PAT of Rs 6,081 crore, reflecting a strong 34.6% YoY growth. However, this may be marginally down sequentially at 0.7%, suggesting pressure on the bottom line despite yearly gains. Live Events Yes Bank's NII is projected at Rs 2,209 crore, showing a modest incr...

[hfe_template id='11223'] [ad_1] Shares of Angel One jumped 8.6% to their day’s high of Rs 2,956.60 on the BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter. On a sequential basis, profit after tax (PAT) was up by 45% as against Rs 293 crore in Q1FY25, the company filing said. Company's consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, which was a growth of 7.5% on QoQ basis. Also Read: HDFC Life Q2 Results Preview: APE may grow up to 26% YoY, VNB in ...

[hfe_template id='11223'] [ad_1] Meanwhile, the interest earned in the reported quarter stood at Rs 7,719.15 crore, higher by 19.8% from Rs 6,443.22 crore reported in the corresponding quarter of the previous financial year. Interests expended during the reported quarter stood at Rs 5,475.11 crore, up from Rs 4,443.6 crore reported by the lender in the year-ago period. This was a 23% YoY growth.The net profit for Q1FY25 was up by 11.2% on a quarter-on-quarter basis versus Rs 452 crore in Q4FY24. The net interest margins (NIMs) for the reported quarter for Q1FY25 were steady on the QoQ basis at 2.4%, a company filing to the stock exchanges said. Net provision costs were lower by 41.2% YoY and 55% on the QoQ basis. The returns on assets (RoA) for Q1FY25 stood at 0.5% versus 0.4% in Q1FY24 and 0.5% in Q4FY24. The deposit accretion remained robust gaining 20.8% YoY. CASA ratio was flat on the QoQ basis at 30.8% despite Q1 seasonality. Net Advances grew at 14.7% YoY aided by ...

[hfe_template id='11223'] [ad_1] Shares of IEX surged 9% in the last 3 trading sessions on reporting Q4 profit after tax (PAT) at Rs 95.1 crore. IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024. For fiscal year 2024, the board of directors also announced a final dividend of Rs 1.50, equivalent to 150% of the face value of equity shares. The improved supply scenario resulted in increased sell liquidity at IEX, despite an increase in the country’s energy demand in the fiscal year 2024. In FY24, the sell liquidity on the exchange increased by 17% YoY, stated the company in a filing to the exchanges. Domestic brokerage firm Nuvama, while commenting on IEX’s Q4 performance, stated that they see a limited upside in the stock despite factoring in 17% volume growth in FY24–26E (13% in FY24), and long-term growth of 14–15% and hence retained a ‘reduce’ rating on IEX with a target price ...

[hfe_template id='11223'] [ad_1] Shares of rail company Jupiter Wagons today rallied up to 10% to hit a fresh 52-week high of Rs 448.85 on reporting yet another robust set of results in the March quarter where revenue/EBITDA/PAT saw a strong growth of 57%/60%/167% YoY led by higher volume growth and better margin. Domestic brokerage firm Systematix raised the target price to Rs 535 from earlier Rs 474 saying that the company is now completely integrated with a series of backward integration, superior margins, entry into high growth e-LCV market, and strong industry tailwinds. The company manufactured the highest-ever 2,520 wagons during the quarter, a whopping 64.5% YoY/31% QoQ growth which corresponds to a run rate of 840 wagons/month. ALSO READ | L&T shares fall 6% as brokerages cut target prices after Q4 results. Should you buy or sell? "As a result, revenue increased sharply by 57% YoY/+25% QoQ to ₹11.1 bn. This was further bolstered by a 35% growth in CV bo...

[hfe_template id='11223'] [ad_1] CarTrade Tech shares jumped 14% to the day's high of Rs 857.80 on the NSE on Monday after the multi-channel auto platform reported its highest ever revenue of Rs 161 crores for the quarter ended March 31, 2024, registering a 38% year-on-year growth. The profit after tax (PAT) for the reported quarter stood at Rs 24.97 crores, resulting in YoY growth of 43%. In Q4FY23, the company had reported a consolidated revenue of Rs 116 crore while the PAT was reported at Rs 17.49 crore. For the full financial year the revenue stood at Rs 555.23 crore recording a 30% YoY jump while the net profit was at Rs 82.13 crore which was a 103% growth. The adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter stood at Rs 49.11 crores resulting in growth of 23% over the corresponding period of the last financial year. Adjusted EBITDA for FY24 was at Rs 164.74 crores, resulting in a YoY growth of 32%. The company cl...