Q4 results today: Bajaj Finance, Nestle, Tech Mahindra among 44 companies to announce earnings

44 companies, including Nifty50 components like Bajaj Finance, Nestle, and Tech Mahindra, will reveal their earnings. Bajaj Finance may see a 22% rise in net profit, while Nestle expects a 17% profit jump, and Tech Mahindra anticipates a challenging quarter ahead.

It will be raining earnings today. From the coveted Nifty50 pack as to , , , among others, 44 companies will announce their quarterly results on Thursday.

Apart from the above major results, investors will also keep a close watch on 37 other companies, due to release their numbers during the day.

Here's what to expect:

Bajaj Finance

Leading NBFC Bajaj Finance Ltd is expected to report healthy growth in both bottom line and topline for the quarter ended March 2024. The company will announce its results on April 25.

Net profit for the fourth quarter is likely to rise up to 22% year-on-year, while net interest income (NII) for the same period is seen growing up to 30% year-on-year.

"AUM Growth has remained healthy at 6% quarter-on-quarter. Margins are likely to decline by 10 bps quarter-on-quarter owing to an inch-up in CoF; the C-I Ratio to remain steady. Credit costs (%) and asset quality are expected to remain broadly stable quarter-on-quarter," said Axis Securities.

Nestle

FMCG major Nestle India is expected to report a 17% jump in its net profit Rs 867 crore for the quarter ended March 31, 2024, according to average estimates of three brokerages. The gains will be on account of benign raw material prices, price hikes and new product development (NPD) among other things.

Profit after tax (PAT) estimated by Axis Securities, Sharekhan and HDFC Securities is in the range of Rs 892 crore and Rs 840 crore.

On the revenue front, the company will likely report growth of 7.2% for the reporting quarter at Rs 5,174 crore.

Tech Mahindra

IT services company Tech Mahindra is expected to see another muted quarter (January-March) as an uncertain macro environment and cautious tech spending might weigh on the numbers.

Net profit for the quarter ended March 2024 is likely to fall up to 40% year-on-year, according to an average estimate of four brokerages.

Meanwhile, revenues are also seen declining both in rupee and constant currency terms. Analysts peg constant currency revenue growth to be around -1.4%, while the rupee revenue is likely to fall anywhere between 3-5% year-on-year.

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Source: Stocks-Markets-Economic Times