Q4 results today: HUL, Axis Bank, LTIMindtree among 22 companies to announce earnings

Other companies which will also announce their results are , Equitas SFB, , , , Nippon Life India AMC, , , and among others.

Here's what to expect from HUL, LTI Mindtree and Axis Bank:

HUL Q4 expectations

FMCG major HUL is expected to report a net profit 2,488 crore for the quarter ended March 31, 2024, according to average estimates of three brokerages.

The profit after tax (PAT) is expected to decline marginally amid modest increase in the revenue and price cuts across categories.

While Anand Rathi and Share Khan see minor growth in PAT in the final quarter of FY24, Axis Securities sees a 2.6% drop in the net profit over the corresponding period of the last financial year.

Meanwhile, revenue from operations for the reporting quarter is estimated at Rs 15,005.33 crore, up by 1.9% over the corresponding quarter of the last financial year.

The company had reported a net profit of Rs 2,552 crore in the quarter ended march 31, 2023 while the revenue at Rs 14,638 crore.

Axis Bank Q4 expectations

India's fourth largest private lender by way of market capitalisation Axis Bank is expected to report a net profit of Rs 6,305.25 crore for the quarter ended March 31, 2024, according to average estimates of four brokerages.

The recovery in profit after tax (PAT) will be led by an uptick in interest income where the bank is seen to report a net interest income (NII) of Rs 12,926 crore, up by 10.60% on the year-on-year basis, the average estimates revealed.

The NII is estimated at Rs 12,930 crore in Q4FY24 versus Rs 11,740 in Q4FY23, higher by 10%. Sequentially, it is expected to go up by 3% against Rs 12,530 crore in Q3FY24.

Deposit growth for the quarter ended March 2024 is seen at Rs 10.67 lakh crore, showing a 13% year-on-year growth.

LTIMindtree Q4 expectations

Analysts expect sequential c/c revenue decline of 0.8% due to lower pass-through revenue ($20 million impact) and gradual furlough reversals in discretionary portfolio, partly offset by growth in the rest of the business.

"Lower utilization would impact margins despite partial benefit from lower pass-through. We expect EBIT margin decline of 30 bps qoq. We expect a TCV of $1.4 billion, similar to past few quarters," said Kotak Equities.

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