Today, April 18th, marks the day when 19 companies are set to unveil their financial performance for the fourth quarter of the fiscal year 2024 (Q4 FY24).
Among the companies announcing their Q4 results are big names like Infosys Ltd, Bajaj Auto Ltd, and HDFC Life Insurance Company Ltd. Other notable names include ICICI Securities Ltd, TV18 Broadcast Ltd, and Mastek Ltd.
These companies’ shares are expected to react to their Q4 results on Thursday, April 18th.
Here’s a brief preview of what to expect from some of the key players:
Infosys Q4 Results Preview: Infosys, one of the leading IT services companies, may report modest numbers for Q4FY24 due to sluggish spending in certain areas. Although revenue is predicted to decrease compared to the previous quarter, the EBIT margin is likely to remain stable despite sluggish growth.
Bajaj Auto Q4 Results Preview: Bajaj Auto, known for its two-wheeler and three-wheeler vehicles, is anticipated to deliver strong earnings for the quarter ending March 2024. This is attributed to robust volume growth, improved realizations, and higher average selling prices. The company’s sales volume in Q4FY24 is expected to have increased by 24.6%, which should contribute to revenue growth. Additionally, margin expansion is expected due to factors such as a better product mix, lower input costs, and operating leverage benefits.
Overall, while domestic cyclical sectors like auto and BFSI (banking, financial services, and insurance) are expected to perform well, global cyclical sectors like oil & gas and metal may lag behind in terms of earnings growth.
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