India’s largest private lender ICICI Bank Ltd. and mortgage lender Dewan Housing Finance Ltd. will report their January-March quarter earnings on Wednesday.
ICICI Bank’s bottomline is expected to jump three-fold due to a low base in the same quarter last year, according to the consensus of analyst estimates tracked by Bloomberg. The lender had seen a 19 percent decline in net profit last quarter. Asset quality woes are likely to continue and movement of stressed assets will be closely watched.
What To Watch
- Retail/mortgages amid slowing system growth
- Guidance on margins and growth
- Movement of watch list accounts
- More definite guidance on slippages and credit costs for FY18 is likely
- Plans on monetisation of stakes in various ventures
Asset quality is likely to be stable for Dewan Housing Finance in the fourth quarter of the financial year 2016-17. The lender’s bottomline is likely to see a jump of more than 30 percent on a year-on-year basis, according to Bloomberg consensus estimates.
What To Watch
- Business growth trends and momentum
- Guidance on cost structure
- Management commentary on margins due to change in liability mix
- Asset quality trends in non-retail and LAP (loan against property) segments
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