Q4 results today: Tata Motors, Cipla among 87 companies to announce earnings

Cipla Q4 expectations

Pharma major is expected to report robust in during the fourth quarter ended March 2024 on the back of healthy operations.

Net profit for the fourth quarter may rise up to 71% year-on-year, while net may grow 7% year-on-year, according to an average estimate of four brokerages.

In the recent third quarter, Cipla reported a 32% year-on-year jump in its consolidated profit at Rs 1,056 crore.

Most analysts expect Cipla to report 10% year-on-year growth in domestic sales in 4QFY24. Margins for the reporting quarter may decline sequentially due to lower gRevlimid sales and higher marketing spend.

"We build US sales of $230 million, flat quarter-on-quarter. We bake in gRevlimid sales of $28 million (a tad higher than $25 million in 3QFY24), along with marginal boost in volumes of Albuterol and Lanreotide," said Kotak Equities.

Tata Motors Q4 expectations

India's largest electric carmaker Tata Motors is expected to report a net profit of Rs 7,640 crore for the quarter ended March 2024. This will likely be a jump of 33% year-on-year.

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for the same period is expected to rise 14% at Rs 1.16 lakh crore, according to the average estimate of three brokerages.

The profit after tax (PAT) is seen in the range of Rs 7,438-8,350 crore, while revenue is expected to stay between Rs 1.05 lakh crore-1.21 lakh crore.

The likely growth in PAT will be on account of higher revenues that was witnessed during the quarter which was a 16% uptick in the YoY sales volume.

The quarterly estimates were given by Japanese brokerage Nomura and the domestic ones viz. ICICI Securities and JM Financial.

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