Yes Bank Q1 results preview: What market expects as share jumps 13% in one month — explained
Yes Bank Q1 results 2023: As the private lender is going to announce its quarterly numbers for April to June quarter in FY24, both stock market investors and observers would be keen to see how the private lender has fared on cost of funding front. However, some brokerages are expecting soft numbers on sequential basis but a better and sustained business numbers on year-on-year basis.
They said that rise in Yes Bank share price ahead of Q1 results today is nothing but better YoY number expectations from the lender. However, margins and provisioning would be definitely in focus as last two quarters have remained high interest rate regime.
On what to expect in Yes Bank Q1 results today, Aamar Deo Singh, Head Advisory at Angel One said, "The attention will be on margins and provisioning numbers in Yes Bank's projected mixed set of financial results. The quarterly results will also be anxiously awaited, but Net Interest Income (NII) is also anticipated to increase on a YoY basis.
Focus will also be placed on how the private lender restructures its lending company over the coming quarters because that will have a significant impact on the total business." Expecting better YoY numbers in Yes Bank Q1 results, Vaibhav Kaushik, Research Analyst at GCL Broking said, "I am expecting soft Yes Bank results on sequential basis but on year-on-year (YoY) basis, Yes Bank is expected to improve its numbers, especially margins and net interest income (NII) because after two consecutive quarters of high interest rate regime, the private lender is expected to lower its provisioning. So, both margins and NII are expected to improve due to lowering of provisioning.
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