IIFL estimates the bank’s net profit to decline to Rs.1,517 crore, at a rate of 58% yoy; however, the same is likely to go up 41% qoq.
State Bank of India (SBI), the largest bank in India, will announce its financial results on May 27 for the fourth ended March 31, 2016.
IIFL estimates the bank’s net profit to decline to Rs.1,517 crore, at a rate of 58% yoy; however, the same is likely to go up 41% qoq.
As per IIFL’s forecast, the bank’s net interest income for Q4 FY16 is expected to dip to Rs.14,221 crore, at a rate of 3% yoy; however, the same is likely to increase 5% qoq.
Net interest margin is estimated to be at 2.7%, with a yoy fall of 43 bps.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on May 27 include BEML, Bharat Electronics, Bombay Dyeing, Canara Bank, Crompton Greaves, DLF, Dr Lal Pathlabs, Dynamatic Tech, Eros International, HPCL, IMP Power, Indoco Remedies, IOCL, JMC Projects, Oil India, PNC Infratech, Punj Lloyd, PVR, Sarda Energy, Tata Communications, TIL Ltd, and VST Tillers.
IIFL estimates the bank’s net profit to decline to Rs.1,517 crore, at a rate of 58% yoy; however, the same is likely to go up 41% qoq.
As per IIFL’s forecast, the bank’s net interest income for Q4 FY16 is expected to dip to Rs.14,221 crore, at a rate of 3% yoy; however, the same is likely to increase 5% qoq.
Net interest margin is estimated to be at 2.7%, with a yoy fall of 43 bps.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on May 27 include BEML, Bharat Electronics, Bombay Dyeing, Canara Bank, Crompton Greaves, DLF, Dr Lal Pathlabs, Dynamatic Tech, Eros International, HPCL, IMP Power, Indoco Remedies, IOCL, JMC Projects, Oil India, PNC Infratech, Punj Lloyd, PVR, Sarda Energy, Tata Communications, TIL Ltd, and VST Tillers.
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