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Yes Bank profit may beat estimates - StarMine

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Reuters

Reuters Market Eye - Yes Bank Ltd may beat consensus profit forecast for the October-December quarter when it reports results on Wednesday, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Yes Bank to report a profit of 3.96 billion Indian rupees for the quarter, compared with a consensus mean estimate of 3.90 billion rupees.

IndusInd Bank, a peer of the company, posted a 30 percent rise in its December-quarter net profit on Friday.

Dealers say changes in non-performing loans is also important to watch in bank results.

Yes Bank shares were up 1.45 percent at 10.59 a.m.

 

($1 = 61.5750 rupees)

(Reporting by Abhishek Vishnoi)

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First Published: Jan 14 2014 | 11:06 AM IST

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