According to a CNBC-TV18 poll, profit is estimated at Rs 549 crore during March quarter, a growth of 27.6 percent over same quarter last year, supported by other income. Net interest income, the difference between interest earned and interest expended, may jump 32 percent to Rs 950 crore in fourth quarter of financial year 2014-15 from Rs 720 crore in same quarter last year.
The growth in NII may also be supported by low base in Q4FY14 when NII had increased 13 percent to Rs 720 crore. Analysts feel the growth in other income may be led by financial advisory, third party distribution and trading gains.
Continued support from operating profit will also be closely watched. In Q3FY15, other income spiked 38 percent Y-o-Y to Rs 536.81 crore and operating profit grew by 40 percent to Rs 862.73 crore.
Asset quality is the key parameter to watch out for in Q4 as in previous quarter (Q3) saw 25 percent spike in gross non-performing assets (NPA) and 20 percent rise in net NPAs. Analysts see restructuring rising on sequential basis while loan growth may be above industry average, which may be around 25 percent against 30 percent each in previous two quarters.
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