Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
The will dominate the today with three of the conglomerate's companies set to release their numbers for the quarter ended March 2024. Despite being a market holiday, 18 companies will announce their fourth quarter on Wednesday.Other companies which are set to release their numbers include Bondada Engineering, Classic Filaments, Cigniti Technologies, Dhampur Sugar Mills, Greenpanel Industries, Mangalam Cement, Mena Mani Industries, MRP Agro, Netweb Technologies, Nalin Lease Finance, Orient Cement, PNB Gilts, SIS, Vardhman Special Steels and Zenotech Labs.
Here's what to expect from Q4
Cement major Ambuja Cements is likely to report healthy growth in its core earnings with net profit likely to grow up to 38% year-on-year. Meanwhile, net sales are seen rising upto 13% year-on-year.
Sales volume to increase 11% year-on-year, while realization is estimated to decline 1% year-on-year and 3% quarter-on-quarter on account of price cuts during the quarter
MORE STORIES FOR YOU✕
« Back to recommendation stories
I don't want to see these stories becauseSUBMIT
Meanwhile, Kotak is factoring in volumes of 9.3 million tons during the quarter with strong growth in key markets and ramp-up of Sanghi capacity.
Q4 expectations
Analysts expect Adani Wilmar to see a fall in consolidated on a year-on-year basis, but the company is expected to post strong growth in operating profit.
Nuvama estimates revenue to dip 5% year-on-year, while might increase by 43% year-on-year.
"We anticipate the edible oils business to contract 9% year-on-year in value terms due to price cuts in edible oil given softer raw material costs. Food and FMCG business is likely to grow 18% (aided by Kohinoor) while industry essentials may stay flat year-on-year," the brokerage said.
Source: Stocks-Markets-Economic Times