Q2 Results Live: Federal Bank Profit Slips Nearly 10%, HDFC Bank, ICICI Bank, PNB In Focus
Today promises to be an exciting day of results as giants in the banking sector, HDFC Bank, ICICI Bank and PNB along with others are set to announce results.
Q2 Results Live: Federal Bank Asset Quality
Federal Bank Q2 (Standalone, QoQ)
Return on Assets at 0.27% vs 0.25%, up 2bps
GNPA at Rs 4532 crore Rs 4,669 crore, down 3%
NNPA at Rs 1,165 crore versus Rs 1,157 crore, up 1%
Gross NPA ratio at 1.83% versus 1.91%, down 8bps
Net NPA ratio at 0.48% vs 0.48%, flat
Q2 Results Live: Federal Bank Profit Down Nearly 10%
Federal Bank Q2 (Standalone, YoY)
Interest expense at Rs 4,247 crore versus Rs 4,210 crore up 1%
Net interest income at Rs 2,495 cr versus Rs 2, 367, up 5%
Other income at Rs 1,082 crore versus Rs 963 crore, up 12%
Operating profit at Rs 1,644 crore versus Rs 1,565 crore, up 5%
Provisions at Rs 363 crore versus Rs 158 crore
Profit after tax at Rs 955 crore versus Rs 1,056 crore, down 10%
Q2 Results Live: Avantel Revenue Falls 28.4%
Avantel Q2 Highlights (Consolidated, YoY)
Revenue down 28.4% at Rs 55.4 crore versus Rs 77.4 crore.
Ebitda down 67.4% at Rs 11.3 crore versus Rs 34.7 crore.
Margin at 20.4% versus 44.8%.
Net Profit down 81.4% at Rs 4.3 crore versus Rs 22.9 crore.
Q2 Results Live: HDFC Bank Shares Ahead Of Results
The shares of HDFC Bank closed in the green on Friday ahead of posting results. The scrip closed 0.63% higher at Rs 1000.6 piece on the NSE.
These gains compare to a 0.49% advance in the Nifty 50 at close on Friday.
Q2 Results Live: UTI Asset Management Earnings Estimates
UTI Asset Management Company or UTI AMC is likely to report robust figures, including a net profit of Rs 839 crore on a revenue of Rs 1,894.1 crore for the same period, indicating a strong operating margin of 51.3%, according to Bloomberg analyst estimates
