25 January is a market holiday due to Saturday but two corporate actions will be held on tomorrow so investors and traders will keep eyes on Financial results of two stocks from Nifty 50 Index. ICICI Bank, NTPC will declare quarter three Earnings on Saturday tomorrow.
A bank, one of the leaders of Indian Stock Market ICICI Bank has expected to declare its third quarterly statements on Saturday 25th January 2025 and this result will help to decide the direction of indian stock market in next week. Icici Bank is a second largest private sector bank in India which has market cap of around 8.5 lakh crores. Shares of Icici bank is trading much below form the high of December and cooled off more than 10 percent form the high of 1350. Company’s shares closed today with the gain of 0.61% at 1209.2 according to data of NSE.
This week a another much awaited quarterly results of HDFC Bank was published and it was better than expectations.
How was last quarter performance ?
ICICI bank performed very well in its previous quarter of current financial year 24-25.
Net Interest Income: in second quarter of financial Year 2025 rose by 9.5% year-on-year basis, reaching 20,048 crore.
PAT: ConsolidatedProfit After Tax of ICICI Bank 18.8% to 12,948 crore.
Deposit Growth: Total deposits grew by 15.7% year-on-year basis to 14,97,761 crore.
Loan Portfolio: The domestic loan portfolio
expanded by 15.7% year-on-year basis, led by retail and business banking.
Asset Quality: The main benchmark to decide the growth in any financial company is asset quality and in last quarter company’s net NPA ratio was reduced to 0.42%, indicating improved asset management.
In quarter 2, ICICI Bank financial was robust and shown substantial growth across various financial indicators. Company recorded a treasury gain of 680 crore, contrasting with a loss in the same period of last financial year.
Expectations From Q3 Earnings
According to CNBC poll, market is expecting that quarter three will also be a decent quarter for ICICI Bank.
Net Interest Income(NII): Market is expecting that ICICI bank may show 10% growth in net interest income on year-on-year basis.
Profit: It is possible that there will be approximately 11% growth in Profit on YoY basis.
Loan Book: Market is expecting that there will be 14% growth in Company’s loan book on YoY basis and 3% growth on qoq basis.
Deposits: Total deposits of the company may grow 14% on YoY basis and 1% on qoq basis.
Margin: Margin of this company slightly reduced on qoq and yoy basis also.
How will be the NTPC Earnings in Q3.
A one of India’s leading power generation company and a PSU giant NTPC(National Thermal Power Corporation) will also declare it’s third quarter earnings on 25th January 2025 tomorrow. This earnings is important for power sector stocks as much as nifty 50. Company’s shares closed at 323.65 on NSE without loss and gain today. Company’s shares cooled off approximately 20% from October high. We can see a significant drop in the company’s share prices in past few months.
In last quarter company’s sales was 44,696 crores and net profit was in September quarter was near to 11,650 crore.
Revenue of the company is expected to be at 41740 crore while EBITDA is expected to be at 11,469 crore with a jump of around 15% annually. Margin will also be strong and expected to be at 27.5% on year on year basis. Profitability of the company is expected to grow with 5 percent YoY.
These results will definitely decide the two sectors because ICICI Bank is second largest private sector bank after HDFC Bank and NTPC is one of the leading company in power generation.
