According to analysts at ICICI Securities, the Rs 8,800 crore-exposure to the telecom sector may cast shadow over the bank's asset quality.
For Q4FY20, Mindtree posted a net profit of Rs 206.2 crore, a rise of 3.9 per cent year-on-year basis and 4.7 per cent sequentially.
Consolidated revenue of the company increased 0.7 per cent YoY to Rs 3,624 crore during the quarter under review
It had reported a pre-tax profit of Rs 8,954.38 crore in the same period last financial year (Q4FY19).
Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4
Earlier this month, the private lender had informed the exchanges that its advances had grown 6.3 per cent QoQ to Rs 9,93,000 crore during the quarter under review
Net sales (revenue), according to Centrum Broking, is expected to see 1.5 per cent sequential growth at Rs 40,436.9 crore.
Among large banks, the brokerage sees ICICI Bank's PAT declining 49 per cent QoQ to Rs 2,100 crore in Q4FY20, followed by a 68 per cent sequential decline in Axis Bank's PAT at Rs 564.6 crore.
Revenue from operations stood at Rs 15,711 crore, up 4.69 per cent against Rs 15,006.3 crore in the corresponding quarter of the previous fiscal.
Most brokerages expect the company's revenue growth to come in at the lower end of the guided range of 0-2 per cent in the constant currency (CC) terms.
Most vendors should announce strong revenue growth guidance and should remain cautiously optimistic on FY20 outlook (cautious on Brexit)
The revenue growth in the fourth quarter is likely to taper to just about 8 per cent on weak economic cues globally as well as relatively higher prices of crude oil.
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Net profit growth decelerates to 8.6% on raw material cost pressure and weak demand