The corporate earnings season has begun, and with the IT reports behind us, attention has shifted to other index heavyweights. This week, companies representing 18% of the Nifty weightage will report their earnings.
Here’s a quick rundown of what investors might anticipate from these firms.
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Maruti Suzuki
Maruti Suzuki expects good revenue growth in the fourth quarter due to healthy volumes and increased ASP (average selling prices) driven by positive product mix and price increases.
The top line for India’s foremost carmaker is predicted to expand 22% year on year (YoY) and 12% sequentially in the March quarter, driven by good sales and higher ASP.
Profit increase is estimated to be 41% year on year at Rs 2,596 crore for the month of March, with sales ranging from Rs 32,377 to Rs 32,555 crore.
Bajaj Finance
Bajaj Finance is expected to record a significant double-digit increase in net profit for the March quarter on the basis of high-interest revenue, loan book expansion, and steady expenses.
According to the average of five brokerage projections, the company’s consolidated net profit will rise 30% year on year to Rs 3,151 crore.
Net interest income is estimated to increase 13% year on year to Rs 6,887 crore for the quarter.
HDFC Life
Kotak Institutional Equities anticipates 27% year-on-year APE growth in the fourth quarter, led by sales of high-ticket non-par policies during the sunset period.
Despite an increase in non-par sales in the quarter, the brokerage expects margin improvement to be limited to 50 basis points due to weaker margins in the former Exide Life business.
SBI Life
Brokers anticipate a 14% year-on-year APE increase for SBI Life in the March quarter, owing to expected better momentum in the last month of the year.
Kotak anticipates a 200 basis point year-on-year margin growth in the fourth quarter, owing to a bigger percentage of non-par policies in the product mix.
L&T Tech
Motilal Oswal expects the company’s sales to climb by a marginal 1.3% in constant currency (CC), implying a currency tailwind of 60 basis points (bps) QoQ.
The mid-tier IT company’s profit after tax (PAT) is expected to be Rs 318 crore, a 5% increase. The revenue for the quarter ending in March is expected to3
be Rs 2,077 crore.
