Q2 Earnings Estimates: HDFC Bank, ICICI Bank, UltraTech Cement, And More
Several major Indian companies, including HDFC Bank, ICICI Bank, Punjab National Bank, and UltraTech Cement, are set to announce their earnings for the second quarter of the current financial year. In this article, we will delve into the earnings estimates of these companies and provide insights into their expected performance.
HDFC Bank Q2 Earnings Estimates
HDFC Bank is expected to clock a standalone profit of Rs 17,345.41 crore for the quarter, with its Net Interest Income (NII) seen at Rs 31,423.17 crore. The Net Interest Margin (NIM) of the bank is estimated to be 3.26%, and the Gross Non-Performing Assets (GNPA) is projected at 1.4%. To know more about HDFC Bank shares, click here.
ICICI Bank Q2 Earnings Estimates
ICICI Bank is anticipated to post a profit of Rs 5,127.70 crore. While the bank’s Net Interest Income is estimated at Rs 88,885.36 crore, and its NIM is seen at 4.17%. The Asset quality is projected to be strong, with the GNPA at 0.76% and Net Non-Performing Assets (NNPA) to be estimated at 0.43% for the quarter. For more information on ICICI Bank stock price, visit our website.
IndusInd Bank Q2 Earnings Estimates
Meanwhile, IndusInd Bank is estimated to report a Net Interest Income (NII) of Rs 4,436.65 crore with a Net Interest Margin (NIM) of 3.95%. The bank’s asset quality profile is seen at 3.8% GNPA. The bank is expected to report the NNPA at 1.2%. To learn more about IndusInd Bank shares, click here.
UltraTech Cement Q2 Earnings Estimates
UltraTech Cement Ltd. is estimated to report a net profit of Rs 1,455.5 crore on a total revenue of Rs 18,527.1 crore for the recent quarter, with Ebitda reaching Rs 3,285.5 crore. For the latest updates on UltraTech Cement stock price, visit our website.
UTI Asset Management Company Q2 Earnings Estimates
UTI Asset Management Company or UTI AMC is likely to report robust figures, including a net profit of Rs 839 crore on a revenue of Rs 1,894.1 crore for the same period, indicating a strong operating margin of 51.3%, according to Bloomberg analyst estimates. To know more about UTI Asset Management Company shares, click here.
Conclusion
In conclusion, the Q2 earnings season is expected to be a crucial one for Indian investors, with several major companies set to announce their results. The earnings estimates of these companies will provide valuable insights into their performance and help investors make informed decisions. To stay updated with the latest news and updates from the Indian stock markets, including Nifty today and Sensex news, visit our website.
