38 companies, including Nestle India, Tech Mahindra, IndusInd Bank, L&T Technology Services, Schaeffler India, Coromandel International, Jai Balaji Industries, Tata Teleservices (Maharashtra), Welspun Living, Tanla Platforms, AAVAS Financiers, and UTI Asset Management Company, will announce their financial results for the fourth quarter of FY24 today, April 25.
Analysts expect IndusInd Bank to report continued healthy loan growth and controlled credit costs, while deposit traction will be closely monitored. Asset quality and margins are expected to remain stable.
Bajaj Finance is projected to post robust net profit growth of around 20%. However, higher deposit costs and RBI restrictions on certain products may marginally impact net interest margins. Asset quality is likely to remain stable.
Tech Mahindra’s fourth-quarter numbers are anticipated to be muted, but its guidance will be crucial as it reflects the strategies of the new management. Weakness in the telecom segment may result in a 1.4 percent quarter-over-quarter decline in constant currency. However, operating margin expansion is expected due to one-off costs in the previous quarter.
Other companies set to release their Q4 FY24 earnings include Glenmark Life Sciences, Kirloskar Pneumatic Company, Avantel, Quick Heal Technologies, Som Distilleries and Breweries, Wendt (India), Dr. Agrawals Eye Hospital, Wardwizard Innovations and Mobility, Shiva Cement, BEML Land Assets, Enkei Wheels (India), Prime Securities, Parshva Enterprises, G G Engineering, Gayatri Sugars, Comfort Fincap, DMR Hydroengineering & Infrastructures, Luharuka Media & Infra, and Ashish Polyplast.
