YES BANK LTD Q1 RESULTS
YES Bank board to consider fundraising via debt
YES Bank intends to raise funds through the issuance of debt securities, potentially including non-convertible debentures (NCDs), bonds, or Medium Term Notes (MTNs). The bank's board approved this fundraising plan during a meeting on Tuesday, where they also finalized the draft notice for the annual general meeting scheduled for August 23rd. YES Bank's shares have surged 50% over the past year, significantly outperforming the Bank Nifty index, which gained 21% in the same period.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Dhanalaxmi Bank FY24 net profit up 8.4%
The share of low-cost deposits (current and savings accounts) was 30.6%. Net interest income stood at ₹458 crore and non-interest income at ₹152 crore for FY24.
Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY
Paytm Q4 Results: The fintech major's March quarter results were impacted by temporary disruptions on account of the UPI transition and permanent disruption because of the payments bank embargo. The company said Payment Bank's products like Paytm wallet and FASTag were distributed but due to the current embargo, it anticipates a steady state of an annualised direct impact on EBITDA to be around Rs 500 crore.
Paytm among worst performing fintech stocks as earnings loom
Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”
Bandhan Bank Q4 Results: Net profit slumps 93% YoY to Rs 55 crore
Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.
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Bandhan Bank Q4 Results: Lender posts PAT at Rs 55 crore on higher provisions; NII at Rs 5,189 crore
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Varun Beverages shares surge over 5% post Q1 results. Should you buy, sell or hold?
Varun Beverages' (VBL) shares surged 5.5% on BSE, hitting Rs 1,558.45, following a 25% YoY increase in March quarter PAT to Rs 548 crore. Q1 revenue reached Rs 4,398 crore.
Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.
Karur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore
The bank's net interest income for the quarter improved 11.5% to Rs 996 crore while other income was 57% higher at Rs 629 crore. The net interest margin for the quarter, however, was at 4.19%, down 18 basis points from 4.37% a year ago.
Punjab & Sind Bank Q4 Results: Net profit slumps 70% YoY to Rs 139 crore
The total income increased to Rs 2,894 crore during the quarter under review against Rs 2,652 crore in the same period last year, Punjab & Sind Bank said in a regulatory filing.
Bank of India Q4 Results: Net profit rises 7% YoY to Rs 1,439 crore
State-owned Bank of India (BoI) on Friday posted a 7 per cent rise in net profit at Rs 1,439 crore for the March quarter. The bank had earned a net profit of Rs 1,350 crore in the same quarter a year ago
Bank of Baroda Q4 Results: PAT rises 2% YoY to Rs 4,886 crore; dividend declared at Rs 7.6/share
Bank of Baroda Q4 Results: The board also recommended a dividend of Rs 7.60 per equity share for FY2023-24
SBI share price can surge up to Rs 1,000, say bulls after Q4 results
SBI Share Price: SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentiments from various brokerages. Nomura, JP Morgan, Nuvama, KIE, Motilal Oswal, and Emkay Global maintain buy ratings with target prices ranging from Rs 820 to Rs 1,000, anticipating sustained growth and favorable prospects.
Suryoday Small Finance Bank Q4 Results: Net profit soars 56% YoY to Rs 61 crore
The bank's net interest margin for the quarter was 10.1% against 10.4% in the same quarter last year, although it rose sequentially from 9.8%. Operating profit was 25.5% higher at Rs 128 crore against Rs 102 crore. Provisions and contingencies were a ltad lower at Rs 48 crore against Rs 51.5 crore.
Indian Overseas Bank Q4 Results: Net profit zooms 24% YoY to Rs 808 crore
Chennai-based Indian Overseas Bank reported a 24% increase in net profit for the quarter ended March 2024 on higher interest income. Net profit for the quarter was Rs 808 crore as against Rs 650 crore for the quarter ended 31st March 2023.
PNB Q4 results: Net profit surges 160% YoY to Rs 3,010 crore; NII rises 9%
Public sector lender Punjab National Bank (PNB) on Thursday reported a 160% year-on-year (YoY) surge in Q4 net profit at Rs 3,010 crore, while the net interest income (NII) rose to Rs 10,363 crore in the quarter, rising 9% YoY.
India Exim Bank sees 12.3% year-on-year goods exports growth in Q1 FY25
The World Trade Organization (WTO) has predicted global goods trade to slowly recover in 2024 following a contraction last year. The volume of world merchandise trade is projected to increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023, the WTO said last month but cautioned that regional conflicts, geopolitical tensions and economic policy uncertainties pose substantial downside risks to the forecast.
SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates
SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore.
Esaf Small Finance Bank Q4 Results: Net profit plunges 57% YoY to Rs 43 crore
The bank's operating profit was 30% higher at Rs 285 crore against Rs 219 crore but provisions and contingencies at Rs 226 crore against Rs 82 crore pulled the net profit down.
Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%
Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
IDBI Bank Q4 Results: PAT soars 44% YoY to 1,628 crore; NII rises 12%
IDBI Bank's gross NPA ratio improved to 4.53% as against 6.38% YoY while net NPA ratio also improved to 0.34% vs 0.92% YoY..The lender has announced a dividend of Rs 1.50 per share which will be will be paid on approval by shareholders at the ensuing Annual General Meeting (AGM) of the bank.
ICICI Bank shares target price rise up to Rs 1,450 on steady Q4 results. Should you buy?
The private sector lender reported a healthy performance in Q4, with 17% year-on-year (YoY) growth in profit amid contained opex and provisions. The pace of NIM contraction decelerated, down 3 bps quarter-on-quarter (QoQ) at 4.4%.
Yes Bank Q4 results: PAT jumps 123% to Rs 452 crore
Yes Bank Q4 Result: During the quarter ending on March 31, 2024, Yes Bank disclosed a standalone net profit of Rs 452 crore, marking a substantial increase of 123% compared to the Rs 202.43 crore reported in the same period the previous year. Furthermore, the bank's interest income saw a notable rise, reaching Rs 7,447.17 crore, a significant increase from Rs 6,216.24 crore reported in the corresponding quarter of the preceding fiscal year, reflecting a 20% year-on-year growth.
Yes Bank Q4 Earnings Today: Strong PAT growth likely even as NII may fall 3% YoY
Yes Bank Q4 Earnings Today: Estimates from three brokerages suggest that Yes Bank is poised to announce a net profit ranging from Rs 252 crore to Rs 427 crore for the quarter ended March 31, 2024. This forecast indicates a year-on-year (YoY) increase of 24% to 111% compared to the same quarter of the previous financial year, during which the lender recorded a profit after tax (PAT) of Rs 202 crore.
Deutsche Bank Q1 Results: Profit jumps 10% as investment bank outperforms
Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.
Bank of America Q1 Results: Profits fall 18% on higher expenses, charge-offs
Bank of America's first-quarter profits decreased due to higher expenses related to rising interest rates, surpassing expectations. The bank made a $700 million payment to the FDIC to support the deposit insurance fund, impacting its earnings.
CRISIL Q1 Results: Profit declines 5.5% YoY to Rs 138 crore; Rs 7 dividend declared
CRISIL Ltd reported a 5.5% YoY decline in consolidated net profit to Rs 138 crore for the March quarter, with revenue rising 3% YoY to Rs 738 crore. The Board approved an interim dividend of Rs 7 per share. Margins dropped to 26%, and EPS fell by 5% to Rs 18.84.
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