Q4 results today: Vodafone Idea, M&M among 94 companies to announce earnings on Thursday
94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea's Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
As many as 94 companies will announce their for January-March 2024 with some notable names like M&M, , , , and in the mix.Other companies which will also announce their include , Avalon Technologies, Blue Pearl Texspin, DCX Systems, Eldeco Housing, Elixir Capital, Emkay Global Epuja Spiritech, Grovy India, Hybrid Financial, Infibeam Avenues and others.
M&M Q4 expectations
Auto major Mahindra & Mahindra (M&M) is expected to report a between Rs 1,777 crore-2079 crore for the quarter ended March 2024, according to estimates of a couple of . While Nomura sees a 7% year-on-year jump in profit after tax (PAT), ICICI Securities estimates a 1% YoY increase.The company is expected to report a from operations at Rs 24,051 crore according to average estimates of three brokerages.
The average rise in growth is expected at 7%.
Among brokerages, Nomura sees revenue at Rs 23,943 crore while ICICI Securities pegs it at Rs 23,815 crore. Nuvama on the other hand sees revenue at Rs 24,397 crore.
M&M had reported a standalone PAT of Rs 1,549 crore while revenue of Rs 22,571 crore in the corresponding quarter of the previous financial year.
ICICI Securities remains positive on M&M arguing that portfolio transition and stronger profitability could likely help re-rate the stock ahead amid the possibility of FY25 being another soft year for the tractor segment.
Vodafone Idea Q4 expectations
Vodafone Idea's net in the quarter ended March 2024 is expected to widen on a year-on-year basis. The net loss is expected to be in the range between Rs 7,307 crore-7,680 crore.The lower band estimate is given by Nuvama which sees a 14% increase in the net loss of Vi in the January-March quarter, while on the higher end is Motilal Oswal which expects losses to mount to Rs 7,680 crore.
The revenue for the said quarter is expected to be around Rs 10,690, according to average estimates of these brokerages. It will be 1.5% uptick over the corresponding quarter of the last financial year.
Among them, Nuvama pegs highest revenue at Rs 10,779 crore, which will be a 2.33% YoY gain while the lowest estimate is Rs 10,574 crore from Kotak.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Source: Stocks-Markets-Economic Times
