Q2 Earnings Season: HDFC Bank, ICICI Bank, UltraTech Cement, and More
The second quarter earnings season is in full swing, with several major companies set to announce their results on Saturday. Among the top names are HDFC Bank, ICICI Bank, Punjab National Bank, and UltraTech Cement. In this article, we will provide an overview of the earnings estimates for these companies and what investors can expect.
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 stock price, 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 share price, click here.
IndusInd Bank Q2 Earnings Estimates
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 know more about IndusInd Bank stock news, 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 more information on UltraTech Cement stock price, click here.
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 news, click here.
Conclusion
The Q2 earnings season is expected to be a crucial one for the Indian stock market, with several major companies set to announce their results. Investors will be keenly watching the performance of these companies, particularly in the banking and finance sectors. To stay up-to-date with the latest news and updates on the Indian stock market, including Nifty today and Sensex news, click here.
