YES Bank Q2 Result Tomorrow: Will the bank register profit or loss? Analysts divided among themselves YES Bank Q2 results tomorrow Profit or loss Analyst views differ

Yes Bank will release the results of the second quarter of the current financial year tomorrow i.e. on Friday. Analysts are divided on whether the bank will report profit or loss in this quarter. However, some things are agreed upon, such as sharp rise in bank slippage, fall in net interest income (NII), decrease in net interest margin (NIM) and increase in credit cost.

Retail investors hold 27.43% stake in the private sector bank, while HNIs hold 7.85%. Brokerage firm Anand Rathi said the bank’s slippage is likely to remain higher in the quarter, though there may be some reduction in provisioning due to the significant recovery in the DHFL case.

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The brokerage estimated that the bank may post a net profit of Rs 448.40 crore in the September quarter. However, at the same time, it projected NII to fall 8.6% on a year-on-year basis to Rs 1,803 crore and NIM to fall 0.60% to 2.5 percent. The brokerage said that the bank’s net NPA for the second quarter is likely to be 5 per cent, which will be 0.3 per cent higher than the corresponding quarter last year.

Elara Capital and Emkay Global have also projected Yes Bank’s net profit in the second quarter. Elara Capital said that the bank’s net profit in the second quarter is 256.80 and NII may fall 21.8% to 1,542.40 crore. On the other hand, Emkay Global said that the net profit of Yes Bank could be Rs 152.70 crore, which is slightly higher than the profit of 129.4 crore reported in the corresponding quarter of last financial year.

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However, Nirmal Bang Institutional Equities believes that Yes Bank may report a loss in the September quarter. The brokerage said that Yes Bank may report a loss of Rs 424.50 crore and its net interest may come down to Rs 1,480 crore.

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