Among other important results will be those by Abbott India, Aether, Bata India, Castrol India, Deepak Fertilizers and Petrochemicals Corporation, GMM PFaudler, India Cements, Jyothy Labs, Jupiter Wagons, Dr Lal Pathlabs, Minda Corp, MPhasis, RITES, Texmaco Rail & Engineering, Thyrocare.
On Wednesday, 113 companies including Maruti Suzuki India (MSIL), Sun Pharmaceuticals, Adani WIlmar, PVR Inox and Dabur India announced their October-December quarter earnings.
Here’s what to expect from Adani Enterprises, Adani Ports, Titan’s earnings:
Titan Q3 results
Consumer discretionary Titan is expected to report healthy revenue growth for the three months ended December 2023 period. The pre-quarter update from the company provides a glimpse of the company’s solid show in the quarter.Revenues are expected to rise 25% year-on-year, mainly driven by yet another strong quarter for the jewellery business. Net profit for the same period is seen growing up to 27% year-on-year. Q3 will likely be the fourth consecutive quarter of 20% growth in revenue.The company has already reported 22% growth in standalone revenues for the December quarter. It added a total of 90 stores during the quarter, taking the group’s total presence to 2,949 stores. At the end of September quarter, Titan had 2,859 stores.Higher raw material prices would likely lead to decline in gross and EBITDA margins in the reporting period.
Adani Ports Q3 results
Adani Ports is expected to report net profit at Rs 2,547.30 crore which will be up by 102% from 1,261 crore reported by the company in the year ago period. Sequentially it is expected to go up by 47.3% versus 1,729.60 crore as per the estimates given by Kotak Institutional Equities.
The net sales is seen at Rs 7,178.80 crore which will be up 50% on the year-on-year basis while 8% on the quarter-on-quarter basis. In the corresponding quarter of the previous financial year, the largest Indian port operator had posted net sales of Rs 4,786.20 crore. In Q2FY23, the revenue stood at Rs 6,646.40 crore.
The brokerage has modeled a 50% YoY improvement in revenues, driven by a combination of organic volume growth (low-double digit) and realisation growth along with a boost from the Haifa Port and logistics business. Underlying comparable volume growth is driven by very strong growth in container volumes and a low YoY base, the brokerage note said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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