Q2 Results Live: Banking Sector Q2 Preview
Loan growth remained strong across most lenders during the quarter, supported by higher deposit mobilisation and an improvement in loan-to-deposit ratios. However, analysts expect profitability to be hit by margin pressure following the Reserve Bank of India’s earlier repo-rate cuts and reduced treasury income.
Q2 Results Live: ICICI Prudential Share Price Up
Shares of ICICI Prudential Life jumped as much as 3% after the Q2 results.
Q2 Results Live: ICICI Prudential Profit Jumps 18%
ICICI Prudential Life Insurance Co (Consolidated, YoY)
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Net Profit up 18% at Rs 296 crore versus Rs 251 crore.
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Net Premium Income up 10% at Rs 11,843 crore versus Rs 10,754 crore.
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AUM up 0.3% at Rs 3.21 lakh crore
ICICI Prudential Life Insurance Co (Consolidated, QoQ)
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13th Month Persistency Ratio at 82.4% versus 82.5%
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61st Month Persistency Ratio at 59.4% versus 62.8%
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Solvency Ratio at 213.2% versus 212.3%
Q2 Results Live: Tech Mahindra Share Price
The shares of Tech Mahindra rose over 1% ahead of the company posting its second quarter results.
Q2 Results Live: Banking Sector Q2 Preview
India’s banks are expected to report softer earnings for the September quarter, as narrowing net interest margins and weak trading gains weigh on profitability. Analysts, however, see stability in core earnings and expect commentary to turn more constructive on growth and asset quality.
Q2 Results Live: What Brokerages Expect
Brokerages expect Tech Mahindra’s revenue growth between 0.7% and 0.8% in constant currency terms, driven by steady deal ramp-ups and stable performance in the communications vertical. Analysts see sequential growth supported by improved execution of large deals and traction in enterprise, banking and retail segments, though the telecom business is expected to remain flat.
Q2 Results Live: Cyient Earnings Estimates
Cyient DLM Ltd. will also be reporting its results for the quarter on Tuesday. The company is likely to report a net profit of Rs 7.49 crore and revenue of Rs 278.4 crore, according to estimates.
Q2 Results Live: Tech Mahindra May Clock 12.7% Rise In Profit
Tech Mahindra is likely to clock a 12.7% rise in net profit at Rs 1,285 crore and a near 3% rise in revenue to Rs 13,777 crore for the quarter ended September, according to a survey of analysts’ estimates done by Bloomberg.
Q2 Results Live: IREDA Revenue Rises 28.7%
IREDA Q2 Highlights
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Revenue up 26.2% at Rs 2,057 crore versus Rs 1,630 crore.
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Net Interest Income up 49.4% at Rs 817 crore versus Rs 547 crore.
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Net Profit up 42% at Rs 549.33 crore versus Rs 387.75 crore.
Q2 Results Live: Tech Mahindra, IREDA And More In Focus
Hello and welcome to NDTV Profit‘s live coverage of the first-quarter earnings season. The financial landscape is buzzing today, as various players are set to announce their performance for the second quarter.
Names like IREDA, Tech Mahindra, ICICI Pru Life, Cyient and more are in focus today as they post their results.
This is your front-row seat to the earnings action, so stay with us for real-time updates, analysis of the numbers, and all the key details that companies will be putting out through the day!
. Read more on Earnings by NDTV Profit.