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

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

Other Earnings Today

• Alembic Pharmaceuticals Ltd.
• Agro Tech Foods Ltd.
• Accelya Kale Solutions Ltd.
• Ajanta Pharma Ltd.
• Everest Industries Ltd.
• IG Petrochemicals Ltd.
• Intellect Design Arena Ltd.
• Merck Ltd.
• Kaya Ltd.
• KPR Mill Ltd.
• L&T Technology Services Ltd.
• R Systems International Ltd.
• Sundaram Clayton Ltd.
• Shanthi Gears Ltd.
• Tribhovandas Bhimji Zaveri Ltd.
• Vardhman Acrylics Ltd.
• V-Mart Retail Ltd.
• Zandu Realty Ltd.