Q4 results today: SBI, Asian Paints among 69 companies to announce earnings

SBI Q4 expectations
India's leading public sector lender State Bank of India () is expected to report muted numbers for the fourth quarter ended March 2024.

Analysts are pricing in a flattish net interest income (NII) growth or even a marginal decline up to 1% year-on-year on the back of higher operating expenses and NIM normalisation.

Operating expenses would be higher due to wage revision-related costs (final settlement impact).

for the fourth quarter is likely to drop 24% year-on-year, according to an average estimate of five brokerages.

"We expect operating profit to decline 20% year-on-year (higher operating expenses) and NIM normalization. We are building in flat NII growth on the back of 14% year-on-year loan growth," said Kotak Equities.

Asian Paints Q4 expectations
Domestic paint and building material player Asian Paints is expected to report a net profit of Rs 1,317 crore for the quarter ended March 2024, which will likely be 5% year-on-year.

The Mumbai-headquartered company may also post a of Rs 9160 for the said quarter, which will be a 4.3% jump on the YoY basis, according to average estimates by three brokerages.

The PAT range is expected between Rs 1,287 crore and Rs 1,900 crore. The lower band is estimated by Axis Securities, while Anand Rathi sees the higher range.

The demand for paints remained steady in Q4, said one of the brokerages while emphasising that the low input price-driven for companies is behind now and boiling crude oil prices and price cuts could create a margin pressure for most companies in this segment.

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