Q4 results today: Tata Communications, Angel One among 10 companies to announce earnings

March quarter earnings season starts with Tata Communications and ICICI Lombard set to announce. Boards to discuss dividends. High-frequency indicators point to strong demand momentum. Key focus on data gross revenue, DPS revenue, and EBITDA margins.

The March quarter earnings season is underway and around 10 companies will announce their quarterly numbers with some big names in the mix including , , among others.

The boards of Tata Communications and ICICI Lombard will also consider paying a final dividend to investors along with the fourth quarter results. Some other companies which will also declare their results later today include , , , , and .

Most of the domestic high-frequency indicators are said to have trended higher during the quarter which is likely to translate into good demand momentum for the domestic corporate segment.

Here's what to expect from Tata Communications and ICICI Lombard:

Analysts expect Tata Communications to report net sales growth of 25% year-on-year, while profit after tax is expected to decline 23% year-on-year.

"We expect data gross revenue to rise 3% quarter-on-quarter on boost from the Kalyra acquisition (full-quarter impact versus 85 days in 3QFY24) and steady growth in the Digital portfolio. We model 20 bps quarter-on-quarter decline in reported EBITDA margins to 19.9%, driven by an adverse mix impact.," said Kotak Equities.

"We expect a 3% quarter-on-quarter decline in Voice revenue, while 2.4% quarter-on-quarter growth in the overall revenue. DPS revenue/core data services expected to grow 5%/1% quarter-on-quarter. We see EBITDA margins to decline 10 bps quarter-on-quarter, owing to new acquisitions," Motilal Oswal said.

ICICI Lombard
ICICI Lombard's total income for the March quarter is likely to rise 13% year-on-year to Rs 5,255 crore, according to Motilal Oswal.

"The premium growth is expected to be strong, driven by the health and motor segment. Meanwhile, claim ratios and expense ratios are expected to decline year-on-year. Management change and further traction with ICICI Bank will be vital," the brokerage said.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)




Source: Stocks-Markets-Economic Times

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