Q2 RESULTS PREVIEW
Q-comm audits; modest Q1 for IT firms
Happy Wednesday! Due to recent hygiene lapses by quick commerce, the government has intensified surprise inspections of their warehouses. This and more in today’s ETtech Morning Dispatch.
ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract
Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year increase, with the hotels segment expected to perform strongly. In the previous December quarter, ITC recorded a 6% rise in consolidated net profit, amounting to Rs 5,335 crore.
IndiGo Q4 Preview: PAT may double YoY on robust demand; healthy revenue growth likely
Brokerages anticipate robust earnings from India’s premier airline in the fourth quarter. The results, slated for release on May 23, are expected to reveal a 16% year-on-year growth in revenue for the period. According to Motilal Oswal, Revenue Passenger Kilometers (RPK) is projected at 30 billion, marking a 16% increase from the previous year, while Passenger Load Factor (PLF) is anticipated to rise to 87.5%, up from 85.8% in 3QFY24. Additionally, Available Seat Kilometers (ASK) are forecasted to reach 34 billion, reflecting a 12% year-on-year uptick.
M&M Q4 Results: Profit spikes 32% YoY to Rs 2,038 crore, revenue jumps 11%
M&M Q4 Results: The Board has also recommended a dividend of Rs 21.10 (422%) per share. For the auto segment, the fourth quarter volumes increased to 21.5 lakh, with highest ever utility volumes at 1.26 lakh. The company currently has open bookings of SUVs at 2.2 lakh
M&M Q4 Preview: Volume to drive 7% YoY revenue growth but tractor sales may disappoint
Three brokerage firms anticipate the auto giant's net profit to fall within the range of Rs 1,777 crore to Rs 2,079 crore. Revenue from operations is projected to reach Rs 24,051 crore. In the corresponding period last year, M&M disclosed a standalone PAT of Rs 1,549 crore and revenue of Rs 22,571 crore.
Bharti Airtel announces final dividend of Rs 8 per share
The telecom major's Q4 net profit of Rs 2,072 crore missed the Street estimates by a wide margin, which saw the figure around Rs 3,274 crore. Revenue from operations in the January-March 2024 period increased 4% to Rs 37,599 crore against Rs 36,009 crore in the corresponding period of last year.
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Bharti Airtel Q4 Results: Profit slides 31% YoY to Rs 2,072 crore; dividend declared at Rs 8/share
Bharti Airtel Q4 Results: Revenue from operations in the January-March 2024 period increased 4% to Rs 37,599 crore against Rs 36,009 crore in the corresponding period of last year. Consolidated revenues were impacted by the devaluation of African currencies during the period, particularly Nigerian Naira.
Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base
In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases to Rs 4,226 crore. Additionally, the revenue from operations for the quarter amounted to Rs 36,009 crore.
Zomato Q4 Results Preview: Steady earnings on cards after solid few quarters
Zomato Q4 Results Preview: In the previous quarter, the food delivery platform saw a remarkable surge in its net profit, skyrocketing nearly fourfold (283%) quarter-over-quarter to reach Rs 138 crore. Furthermore, revenue from operations in the third quarter showed a robust 69% year-over-year increase, reaching Rs 3,288 crore. These figures underscore the platform's substantial growth and increasing demand for its services during that period.
L&T Q4 Results Preview: Profit may rise 11% year-on-year; revenue growth seen healthy
L&T Q4 Results Preview: L&T is primed to demonstrate robust growth in Q4 2024, with revenue projected to surge by up to 17% year-over-year (YoY) and net profit by up to 11% YoY. Key drivers behind this performance include a healthy domestic tender pipeline and margin optimization.
Hero MotoCorp Q4 Results Preview: Robust volumes to drive revenue, profit higher; margins to expand
Hero MotoCorp Q4 Results Preview: Hero MotoCorp is poised for robust growth in Q4, with a projected 14% surge in revenue propelled by increased volumes and average selling prices (ASPs). Profit is forecasted to climb by 22%, bolstered by a 10% uptick in volume. Additionally, the company anticipates a 123 basis points improvement in EBITDA margins.
Dr Reddy's Q4 Preview: PAT may rise over 50% YoY on strong US sales
Based on an average estimate from four brokerages, revenue from operations during the January-March 2023 period is anticipated to increase by up to 18% year-on-year. Concurrently, the net profit after tax is expected to experience a robust surge of up to 54% year-on-year.
Q4 Results Today: DMart, Kotak Mahindra Bank among 16 companies to announce earnings
Other companies which will also release the numbers include The Anup Engineering, Birla Corp, Golkonda Aluminium, Hitch Energy Batteries, IDBI Bank, Jammu and Kashmir Bank, Kansai Nerolac Paints, Nagarjuna Fertilisers, Nila Infrastructure, Raw Edge, Sambhav Media, Vijay Textiles and Zen Technologies.
DMart Q4 Results Preview: Profit may rise 23% YoY; margins to expand
DMart Q4 Results Preview: An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
Titan Q4 Results Today: Profit, revenue seen rising in high double-digits
Titan Q4 Results Today: Titan Company poised for strong Q4 performance with high double-digit revenue growth. Jewelry segment expected to lead with significant EBITDA and PAT growth. Various factors impacting EBIT margins across segments, while focus remains on market share and revenue growth.
Britannia Industries Q4 Results Preview: PAT likely to decline 1.5% YoY to Rs 551 crore on price cuts, competition
Britannia Industries Q4 Results Preview: Britannia's Q4 profit is expected to decline by 1.50% to Rs 551 crore. Sharekhan forecasts a net profit of Rs 558 crore.
Coal India Q4 Preview: Net profit seen falling QoQ; strong operational show expected
Coal India's performance in Q4 demonstrates promising growth, marked by increased EBITDA and net profit. A robust operational performance is anticipated for the quarter ending March 2024, propelled by reduced employee expenses and strategic measures implemented by the company.
Dabur Q4 Results Preview: PAT seen to grow at 9% YoY to Rs 320 crore on domestic revenue growth
Dabur India is expected to unveil a net profit ranging between Rs 313 crore to Rs 341 crore for Q4FY24. The estimates for profit after tax (PAT) hover between Rs 313 crore to Rs 341 crore, with Axis Securities forecasting the highest figure and Anand Rathi predicting the lowest. The upcoming report will shed light on crucial aspects such as EBITDA margins, international business expansion, and enhancements in operating profit margins (OPM).
ICICI Bank Q4 Earnings Today: PAT likely to rise nearly 18% YoY, NII growth seen at 4-8%
ICICI Bank Q4 Earnings Today: The March quarter is expected to witness a year-on-year (YoY) increase in net profit of up to 18%, as projected by an average estimate from four brokerages. However, it's anticipated that the top line, specifically the net interest income growth, may not keep pace with the bottom line.
Yes Bank Q4 Earnings Today: Strong PAT growth likely even as NII may fall 3% YoY
Yes Bank Q4 Earnings Today: Estimates from three brokerages suggest that Yes Bank is poised to announce a net profit ranging from Rs 252 crore to Rs 427 crore for the quarter ended March 31, 2024. This forecast indicates a year-on-year (YoY) increase of 24% to 111% compared to the same quarter of the previous financial year, during which the lender recorded a profit after tax (PAT) of Rs 202 crore.
Maruti Suzuki Q4 Preview: PAT may rise 52% YoY on higher sales, strong volumes
Revenue growth year-on-year to be supported by robust volume growth and increase in realizations. EBITDA margin to expand on better net pricing and scale. Key thing to watch out for is demand outlook, especially for rural/ entry level segments.
HCL Tech Q4 Preview: Revenue may rise, but PAT seen declining; all eyes on FY25 guidance
The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earlier. This includes revenue recognition from the recently acquired German automotive engineering solutions provider ASAP Holding.
Tech Mahindra Q4 Results Preview: Weakness to persist as profit, revenue seen falling
TechM to report -1.4% quarter-on-quarter decline in CC and -1.0% decline in USD - driven by weakness in the Telecom segment and absence of pass-through revenues. Margins to expand by 200 bps quarter-on-quarter to 7.3%, on the back of the absence of one-off cost. Adjusted margins to remain flat quarter-on-quarter. Deal wins are expected to be stable.
RIL Q4 Preview: Street eyes strong revenue, EBITDA growth despite likely fall in profit
RIL Q4 Preview: On an average, four brokerages anticipate a year-on-year growth in fourth-quarter revenue from operations of up to 12%.
HDFC Bank Q4 Result Preview: Profit seen rising over 50% YoY; asset quality stable
HDFC Bank Q4 Result Preview: HDFC Bank is poised for strong Q1 2024 performance, driven by treasury income gains. Analysts see over 50% YoY profit surge and 22% YoY net interest income rise.
Q4 preview: 6 companies likely to report doubling of sales. Do you own any?
6 companies expected to double sales in Q4 with sectors like automobiles, banks, gas utilities, pharmaceuticals showing YoY sales growth. Sunteck Realty set for a significant jump in net sales.
Infosys Q4 Results Preview: Weak discretionary spending to weigh on sales, FY25 guidance seen conservative
Infosys Q4 Preview: For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.
Bajaj Auto Q4 results preview: PAT likely to grow 29% YoY, revenue growth seen at 24%
Bajaj Auto anticipates a 29% YoY jump in PAT to Rs 1,606 crore for Q4FY24, driven by higher sales volume, richer product mix, and commodity tailwinds. Revenue expected to grow by 24% YoY.
TCS Q4 results on Friday: Recap of how IT bellwether fared in FY24; key things D-Street needs to watch out for
TCS Q4 Results Preview: TCS to release earnings for March with slight improvement expected. Analysts monitor core earnings, profitability, deal wins, and management outlook for FY25 closely after challenging quarters.
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