Q4 results today: L&T, Hero MotoCorp among 47 companies to announce earnings today

L&T Q4 expectations

Infrastructure major Larsen and Toubro (L&T) is expected to report healthy growth in revenues for the quarter ended March 2024, led by strong improvement in E&C segment.

Revenue from operations are likely to grow up to 17% year-on-year, according to an average estimate of four brokerages. Meanwhile, for the same period is seen rising up to 11% year-on-year.

Key monitorables for investors in the report card include domestic tender pipeline, as well as working capital cycle. Analysts would also look out for an execution ramp-up in Saudi projects and an expected pipeline in the Middle East.

"We expect 18% year-on-year improvement in core EPC revenues as we bake in improved construction activity across projects during the first two months and a weak March," said Kotak Equities.

Hero MotoCorp Q4 expectations

India's leading two-wheeler maker Hero MotoCorp is likely to report solid growth in revenues for the fourth quarter, driven by robust increase in and higher (ASPs).

Revenue for the fourth quarter is seen growing around 14% year-on-year, according to an average estimate of four brokerages. Net profit for the same period is likely to rise 22% year-on-year.

The automaker had already reported 10% year-on-year growth in volumes, led by steady demand trends in the entry-level motorcycle segment.

"Revenue is expected to increase by 14% year-on-year led by 10% increase in volumes, higher ASPs due to price hikes taken during the year, premiumization trend and recovery in entry level motorcycles," said Axis Securities.




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