Several companies are set to reveal their financial results for the fourth quarter of the 2023-24 fiscal year on Thursday. Nestle India, Tech Mahindra, Bajaj Finance, and IndusInd Bank are notable among the 38 companies.
Tech Mahindra’s fourth-quarter results are anticipated with interest, especially after big tech firms like TCS, Infosys, and Wipro have already shared their numbers. Analysts at Motilal Oswal Financial Services predict a small revenue growth of 0.7% quarter-on-quarter in constant currency. They attribute this to weaknesses in the communications, media & entertainment, and enterprise sectors.
Companies Releasing FY24 Q4 Results Today
Several companies are set to unveil their fourth-quarter results today. Here’s the list:
- Bajaj Finance
- Nestle India
- Tech Mahindra
- IndusInd Bank
- L&T Technology Services
- Schaeffler India
- ACC
- MphasiS
- Coromandel International
- Laurus Labs
- Cyient
- Jai Balaji Industries
- Himadri Speciality Chemical
- Tata Teleservices (Maharashtra)
- Olectra Greentech
- Welspun Living
- Zensar Technologies
- Tanla Platforms
- AAVAS Financiers
- UTI Asset Management Company
- KPI Green Energy
- Glenmark Life Sciences
- Kirloskar Pneumatic Company
- Avantel
- Quick Heal Technologies
- Som Distilleries and Breweries
- Wendt (India)
- Dr Agrawals Eye Hospital
- Wardwizard Innovations and Mobility
- Shiva Cement
- BEML Land Assets
- Enkei Wheels (India)
- Prime Securities
- Parshva Enterprises
- G G Engineering
- Gayatri Sugars
- Comfort Fincap
- DMR Hydroengineering & Infrastructures
- Luharuka Media & Infra
- Ashish Polyplast
The stock prices of these companies are likely to react based on their Q4 results today.
Q4 FY24 Results Preview for Selected Companies
Nestle Q4 Results Preview
Analysts from Kotak Institutional Equities predict Nestle India to witness an approximately eight per cent year-on-year (Y-o-Y) growth in net revenues. Domestic revenues are expected to rise by 8.5 per cent, while export revenues may decline by five per cent. Volume and pricing growth are projected at 5.5% and 3% Y-o-Y, respectively. The gross margin is expected to expand by 370 basis points Y-o-Y to 57.5 per cent, while the EBITDA margin is estimated at 25.3 per cent, with factors like cocoa inflation affecting sequential declines.
Bajaj Finance Q4 Results Preview
Analysts at Motilal Oswal anticipate Bajaj Finance to report a 35 per cent Y-o-Y and seven per cent Q-o-Q growth in assets under management (AUM). Operating expenses are expected to remain stable, with a Cost-to-Income Ratio (CIR) of around 34 per cent. Margins are expected to contract by approximately 20 basis points Q-o-Q, with credit costs likely declining to around 1.65 per cent Q-o-Q.
IndusInd Bank Q4 Results Preview
Analysts at Nirmal Bang expect IndusInd Bank to maintain momentum with a 5.1 per cent Q-o-Q growth in its loan book. Key monitorables include growth guidance considering prevailing high interest rates, NIM outlook amidst growing higher-cost term deposits, and asset quality assessments.
ACC Q4 Results Preview
Motilal Oswal anticipates robust Y-o-Y EBITDA growth of 74-75 per cent for ACC, driven by strong volume growth. However, weak pricing may lead to a Q-o-Q reduction in EBITDA/tonne. Despite anticipated declines in cement realization and sequential EBITDA/tonne, sales volume growth is expected at 12 per cent Y-o-Y.
Tech Mahindra Q4 Results 2024 Preview
Tech Mahindra’s fourth-quarter performance is expected to be subdued. Brokerages believe the company’s guidance will be crucial, reflecting the strategies of its new management. Global brokerage Nuvama predicts a 1.4 per cent QoQ decline in constant currency due to weakness in the telecom segment. Operating margin expansion of 200 bps QoQ to 7.4 per cent is expected, as one-off costs impacted the last quarter. Adjusted EBIT is anticipated to remain flat, according to an Antique Stock Broking report.
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