Here's what leading brokerages expect from YES Bank's Q2 results
Private lender YES Bank is slated to report its September quarter earnings for FY20 (Q2FY20) on Friday, November 1 amid expectations of a loss up to Rs 1,907.3 crore due to exposure to bankrupt companies like DHFL, McLeod Russel, and Cox & Kings.
The lender reported a profit of Rs 113.8 crore in the June quarter of FY20 (Q1FY20), and that of Rs 964.7 crore in Q2FY19. The net interest income (NII) came in at Rs 2,280.9 in the June quarter of the current fiscal, which was Rs 2,417.6 in Q2FY19. Total provisions came in at Rs 1,784.1 crore in Q1FY20, while the same was Rs 940 crore in the year-ago period.
So far in the calendar year 2019, the stock has tumbled 68 per cent as against a 10 per cent rise in the benchmark S&P BSE Sensex.