Highlight Investment Research is an independent and privately owned organization, has come a long way and today has emerged as a premium Indian stock & commodities consultancy, with an absolute focus on business and a commitment to provide “Real value for money to all its clients”.
Consensus expectations (consolidated) for Q1FY19E:
•Net interest income-Rs2,074cr
•Pre-provision profit-Rs1,776cr
•Loan-loss provisions-Rs268cr
•Adjusted PAT-998cr
Results for Q1FY18
•Net interest income-Rs1,774cr
•Pre-provision profit-Rs1,589cr
•Loan-loss provisions-Rs210cr
•Adjusted PAT-Rs837cr
Remarks:
We expect strong loan growth at ~25% yoy led by strong growth in retail business (all business products). Revenue growth would be slower owing to pressure on NIM. We expect NIM to decline 10bps qoq.
We expect limited asset quality stress and GNPL of 1.3%, up ~10bps qoq. Provision coverage ratio will be similar to the previous quarter at ~60% levels.
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