Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday

IndiGo Q 4 expectations

India's leading airline IndiGo is likely to post healthy earnings for the fourth quarter ended March 2024. The company will announce its quarterly results on March 23.

for the reporting period is seen growing around 16% year-on-year (YoY), according to . Net profit, meanwhile, is likely to more than double compared with the previous year period, attributable to robust during the quarter.

Analysts expect EBITDAR to grow 69% YOY to Rs 5,000 crore amid strong demand and the weakening of smaller airline players.

In the preceding third quarter, IndiGo's profit zoomed 111% to Rs 2,998 crore, while revenue from operations increased 30% YoY to Rs 19,452 crore.

"Yields however are expected to remain flat at Rs 5 as supply constraints persist (70+ aircrafts remain grounded). However, we expect PLFs to remain high at 86% while PAX traffic will grow to 27.6 million," said Nuvama.

ITC Q4 expectations

Diversified conglomerate ITC is expected to see muted growth in revenue for the fourth quarter ended March 2024. The company will announce its quarterly results on May 23.

for the reporting period is likely to average around 3-4% YoY, according to various brokerage estimates, while profit is likely to grow 3% YoY.

Analysts expect cigarette business revenues to be marginally up, with volumes staying, while non-cigarette FMCG business is seen growing about 6-7% YOY.

Hotels business will likely continue to do well and is expected to grow 15-16% YOY, aided by sustained strong demand. Agri sales might clock a dip YOY due to restrictions on exports of rice, and wheat.

In the preceding December quarter, ITC reported a 6% growth in its consolidated net profit at Rs 5,335 crore and revenue from operations increased 2% YOY to Rs 19,484 crore.

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