Among the many different essential bulletins are from APL Apollo Tubes, Dodla Dairy, Macrotech Builders and Olectra Greentech.
On Thursday, 84 corporations listed on the BSE introduced their December quarter earnings. Among the many Nifty corporations, SBI Life Insurance coverage Firm and JSW Metal reported their Q3 earnings. Different essential outcomes had been from the likes of ACC, Adani Energy, SBI Playing cards and Cost Providers, Tata Applied sciences, Vedanta Restricted and Punjab Nationwide Financial institution (PNB).
JSW Metal on Thursday reported strong progress within the consolidated internet revenue for the quarter ended December, as the underside line rose almost 5 instances from the year-ago interval to Rs 2,415 crore and likewise beat ETNow estimates of Rs 1,719 crore. SBI Life on Thursday reported a internet revenue of Rs 322 crore for the quarter ended December, up 6% from Rs 304 crore posted in the identical quarter final 12 months.
This is what to anticipate from YES Financial institution’s earnings
YES Financial institution Q3 Outcomes
Non-public lender YES Financial institution’s internet curiosity earnings (NII) for the third quarter ended December 2023 may both stay flat or see a decline on a year-on-year (YoY) foundation. The muted NII progress is because of slower mortgage progress and the rising value of funds.
NII for the December quarter is seen rising 2% YoY, whereas internet revenue is prone to leap multifold within the reporting interval.
YES Financial institution reported a 12% progress in its advances at Rs 2.17 lakh crore within the second quarter, in contrast with Rs 1.94 lakh crore within the last-year interval. On a sequential foundation, deposits rose 4%.
Deposits within the interval had been up 13% YoY to Rs 2.41 lakh crore. The identical was up 3.2% quarter-on-quarter (QoQ).
Learn extra: YES Financial institution Q3 consequence preview: Revenue might leap multifold; muted NII progress seen
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(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)
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