Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings

After a day’s hiatus on Friday on account of 75th Republic Day celebrations, 31 BSE-listed companies are ready to announce their December quarter earnings on Saturday. Street will be keeping its eyes fixed on the results of private lender YES Bank.

Among the other important announcements are from APL Apollo Tubes, Dodla Dairy, Macrotech Developers and Olectra Greentech.

On Thursday, 84 companies listed on the BSE announced their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel reported their Q3 earnings. Other important results were from the likes of ACC, Adani Power, SBI Cards and Payment Services, Tata Technologies, Vedanta Limited and Punjab National Bank (PNB).

JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore. SBI Life on Thursday reported a net profit of Rs 322 crore for the quarter ended December, up 6% from Rs 304 crore posted in the same quarter last year.

Here’s what to expect from YES Bank’s earnings

YES Bank Q3 Results

Private lender YES Bank’s net interest income (NII) for the third quarter ended December 2023 could either remain flat or see a decline on a year-on-year (YoY) basis. The muted NII growth is due to slower loan growth and the rising cost of funds.

NII for the December quarter is seen growing 2% YoY, while net profit is likely to jump multifold in the reporting period.

YES Bank reported a 12% growth in its advances at Rs 2.17 lakh crore in the second quarter, compared with Rs 1.94 lakh crore in the last-year period. On a sequential basis, deposits rose 4%.

Deposits in the period were up 13% YoY to Rs 2.41 lakh crore. The same was up 3.2% quarter-on-quarter (QoQ).

Read more: YES Bank Q3 result preview: Profit may jump multifold; muted NII growth seen

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