A total of three Nifty50 companies are scheduled to report their quarterly results today. Out of the 13 Nifty50 companies that have reported their quarterly numbers so far, five have reported results that beat Street expectations, while four fell short of meeting investor expectations. Two companies reported in-line results while another two came out with a mixed set of numbers.
Here’s what analysts poll on ET NOW anticipated about the report cards:
An ET NOW poll of analysts forecasts Tata Steel to report a 19 per cent year-on-year (YoY) drop in net profit at Rs 7,199 crore compared with Rs 8,907 crore in the same quarter last year. Revenue for the quarter is seen rising 14 per cent YoY to Rs 60,615 crore from Rs 53,372 crore. Ebitda is seen dropping 24 per cent YoY to Rs 12,272 crore from Rs 16,110 crore in the year-ago quarter. Margin may plunge to 18.5 per cent, the poll suggested, compared with 30.2 per cent in the year-ago quarter.
The private lender may report a 57.4 per cent YoY jump in net profit at Rs 6,100 crore compared with Rs 2,160 crore in the same quarter last year. NII is seen climbing 17.3 per cent YoY to Rs 9,100 crore from Rs 7,760 crore, ET NOW poll suggests. Provisions are seen rising sequentially to Rs 1,400 crore from Rs 988 crore in the March quarter. Operating profit, meanwhile, is seen falling 1.4 per cent YoY to Rs 6,100 crore from Rs 6,186 crore in the year-ago quarter.
Margin may see a slight expansion, ET NOW poll suggested. Credit cost may remain steady while slippages would be a key monitorable.
The IT major may report a 25 per cent quarter-on-quarter (QoQ) drop in net profit at Rs 1,120 crore compared with Rs 1,506 crore in the March quarter. Revenue is seen rising 4 per cent QoQ to Rs 12,620 crore from Rs 12,116 crore. Dollar revenues may come in at $1,626 million, up 1.1 per cent over $1,608 million in the March quarter, ET NOW poll suggested. Growth in constant currency terms may come in at 2.6 per cent sequentially, the poll suggested. Ebit margin is seen at 11.3 per cent, down 190 basis points from 13.2 per cent in the March quarter.
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