Shares of Yes Bank erased morning gains and are trading under pressure. The bank will post its Q1FY20 numbers today.
Shares of Wipro also slipped on the NSE at Rs258.50.
Mindtree, Dhanlaxmi Bank, DFM, SEL Manufacturing are among a few companies which will report June quarter results later in the day.
Yes Bank expectations for Q1FY20E:how
NII – Rs2,263cr, up by 2.1% yoy due to ~8% yoy rise in loan book and pressure on margins
PPOP – Rs1,358cr, down by 44% yoy on the back of lower revenue and non-interest income
PAT – Loss of Rs566cr, down 144% yoy, due to higher provisions and lower PPOP
Wipro is set to post its Q1FY20 results today, and is expected to post lacklustre growth of 0.2% qoq in constant currency (cc) terms for IT services. Dollar revenue is likely to decline by 0.1% qoq. The revenue growth is likely to get impacted on softness in the healthcare vertical and volatility in consumer vertical.
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