Public sector
lender Bank of Baroda is expected to report a 11.9 percent
growth in profit Rs 282.6 crore for December quarter compared to Rs 252.7 crore
in same quarter last year. Sequentially, however, it may fall 20.5 percent.
Net interest income is
seen rising 19.5 percent year-on-year and 0.7 percent quarter-on-quarter to Rs
3,745.3 crore for quarter ended December 2017, according to average of
estimates of analysts polled by CNBC-TV18.
Key things to watch
Analysts said if
slippages come below Rs 3,500 crore (against Rs 3,451 crore in Q2FY18), gross
non-performing assets improve (from 11.16 percent), and domestic net interest
margin above 2.65 percent (2.68 percent) then that would be taken positively by
the Street.
Provision expenses
could increase due to ageing of NPAs while low cost deposit flow may remain
strong aiding in controlling the cost of funds.
The Street will be
keenly watching for operating profit growth (i.e. operating profit growth
ex-treasury).
Exposure to 2nd list of National Company Law
Tribunal cases and provisions thereof, and management commentary to
capitalising on non-core asset sale will be seen closely.
Source - Moneycontrol
Source - Moneycontrol
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