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Q4 results today: L&T, Hero MotoCorp among 47 companies to announce earnings today
![Q4 results today: L&T, Hero MotoCorp among 47 companies to announce earnings today](https://beingtimes.com/wp-content/uploads/2024/05/Q4-results-today-LT-Hero-MotoCorp-among-47-companies-to.jpg)
Some extra corporations which can even announce their earnings embrace Canara Financial institution, Bharat Forge, Godrej Agrovet, Greaves Cotton, HG Infra Engineering, Balaji Amines, Adarsh Plant Shield, Jupiter Infomedia, Kirloskar Oil Engines and others.
L&T This autumn expectations
Infrastructure main Larsen and Toubro (L&T) is predicted to report wholesome development in revenues for the quarter ended March 2024, led by robust enchancment in E&C phase.Income from operations are prone to develop as much as 17% year-on-year, in response to a median estimate of 4 brokerages. In the meantime, web revenue for a similar interval is seen rising as much as 11% year-on-year.
Key monitorables for buyers within the report card embrace home tender pipeline, margin efficiency in addition to working capital cycle. Analysts would additionally look out for an execution ramp-up in Saudi initiatives and an anticipated pipeline within the Center East.
“We count on 18% year-on-year enchancment in core EPC revenues as we bake in improved development exercise throughout initiatives in the course of the first two months and a weak March,” mentioned Kotak Equities.
Learn Extra: L&T This autumn Outcomes Preview: Revenue might rise 11% year-on-year; income development seen wholesome
Hero MotoCorp This autumn expectations
India’s main two-wheeler maker Hero MotoCorp is prone to report strong development in revenues for the fourth quarter, pushed by strong enhance in volumes and better common promoting costs (ASPs).
Income for the fourth quarter is seen rising round 14% year-on-year, in response to a median estimate of 4 brokerages. Internet revenue for a similar interval is prone to rise 22% year-on-year.
The automaker had already reported 10% year-on-year development in volumes, led by regular demand developments within the entry-level bike phase.
“Income is predicted to extend by 14% year-on-year led by 10% enhance in volumes, larger ASPs resulting from worth hikes taken in the course of the yr, premiumization development and restoration in entry degree bikes,” mentioned Axis Securities.
Learn Extra: Hero MotoCorp This autumn Outcomes Preview: Strong volumes to drive income, revenue larger; margins to broaden
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Instances)
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