Yes Bank profit may beat estimates - StarMine

Tags: Companies
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.

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