Earnings Today: ICICI Bank’s Asset Quality Woes May Continue In January-March Quarter

ICICI Bank, Dewan Housing Finance to report fourth quarter numbers today.

BQ Desk @bqprime

03 May 2017, 07:40 AM IST i

A roadside vendor arranges fruits at a stall as pedestrians walk past a ICICI Bank Ltd. branch. (Photographer: Dhiraj Singh/Bloomberg)

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.

Earnings Today: ICICI Bank’s Asset Quality Woes May Continue In January-March Quarter

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.