Q2 Earnings Estimates for ICICI Bank, Kotak Mahindra Bank, Yes Bank As Results Awaited Today
ICICI Bank is set to announce its financial results for the quarter ending in September, with analysts estimating a net profit of approximately Rs 9,459.2 crore. The results are eagerly awaited, given the bank's prominent position in India's financial sector.
Kotak Mahindra Bank is also slated to release its Q2 results. Analysts project a net profit of around Rs 3,278.9 crore for the quarter. This comes shortly after Kotak Mahindra Bank received approval from the Reserve Bank of India for its acquisition of micro-lender Sonata Finance.
Yes Bank is expected to announce a net profit of Rs 395.4 crore for the second quarter. These financial revelations from leading banks will provide valuable insights into the current state of India's banking and financial sector.
Furthermore, several other companies are scheduled to unveil their Q2 results on the same day. These companies include IDBI Bank, RBL Bank, Anant Raj, Dodla Dairy, Sharda Cropchem, Shilchar Technologies, Sportking India, Pakka and Sanghi Industries, contributing to a busy day of financial reporting in the country.
