Q4 results preview: 29 companies likely to report doubling of profit

Around 29 companies are in the spotlight as they gear up to report doubling of profit on a year-on-year (YoY) basis in the March quarter earnings season, which began last week with TCS.

In Q4FY24, Nifty earnings is predicted to grow 6% YoY by Motilal Oswal, wherein domestic cyclicals like BFSI and Auto are poised to drive earnings growth, with private banks and NBFC-lending leading the BFSI sector with 14% and 23% YoY growth, respectively.

Healthcare is expected to show robust 33% YoY earnings growth, while the cement sector is expected to show a growth. Metals sector is anticipated to report strong decline based on its weak base. Capital goods are projected to moderate at 5% YoY, technology to see modest growth at 4% YoY, and specialty chemicals to decline by 38% YoY.

Nifty EPS remains stable at Rs 980 for FY24, with a slight cut to Rs 1,132 for FY25, expecting growth of 21% and 16% for FY24 and FY25, respectively.

Here are 29 companies that are likely to report over 100% YoY growth in Q4 profit:

Adani Ports and SEZ is expected to post a 137.4% change in its reported profit after tax (PAT) on a year on year basis on account organic volume growth and a boost from consolidation of Karaikal Port, states a report from Kotak Institutional Equities.

Motilal Oswal expects EPC major KEC International to report 119.3% YoY jump in its March quarter profit at Rs 1.58 lakh crore on the back of expansion in EBITDA margin.

Birla Corporation's Variable cost per tonne is estimated to decline 19% YoY and 2% QoQ while Opex per tonne is estimated to decline 8% YoY and 2% QoQ. The company is expected to make a 102.5% YoY net profit at Rs 1.44 lakh crore.

There is an expectation for JK Cements to report a rise of 117.5% in its net profit at Rs 2.44 lakh crore as it is estimated that JKCE’s volume is likely to grow 15% YoY.

United Breweries might post a net profit, up by 980.3% at Rs 1.05 lakh crore as the revenue is expected to grow 11.8% YoY in 4QFY24.

The same report by Motilal Oswal also states that InterGlobe Aviation is expected to post a YoY change in net profits of 158.5% as international expansion remains the focus area for the management with addition of new networks and code share agreements.

In the healthcare segment, as suggested by Motilal Oswal, Gland Pharma may post a YoY net profit of nearly 120% at Rs 2.61 lakh crore as sales are expected to jump 2x YoY to Rs 1600 crore, largely due to a revival in the sector itself. This sector also foresees an increase in the net profits of Piramal Pharma by 362% and Lupin by 109.7%

Jindal Power and Steel Limited is projected to post a net profit of 102.6% while GAIL may show a growth of 248% in net profit on a YoY basis.

In the financial space, Punjab National Bank is expected to showcase a 146.5% growth whereas Max Financial service might post 117% growth in YoY net profits according to reports by Motilal Oswal.

Quess Corp Ltd is likely to post a YoY change of 207% in its net profit while MCX is projected to showcase a massive 1850.5% change at Rs 1.06 lakh crore.

Kotak Institutional Equities reports a 221.7% YoY change in reported PAT of Cochin Shipyard, due to an expectation of 18% EBITDA margin for the quarter.

Further, the same report expects a change of 106.7% of YoY PAT for Aditya Birla Fashion and retail and 153.7% for TCNS Clothing Co. Ltd.

Oberoi Realty to post an expected change of 115% adjusted PAT while Signature Global might post a change of nearly a whopping 1840% backed by strong pre-sales of Rs 3900 crore in Q4FY24. Embassy Office Parks REIT is also expected to see a change of 539% in PAT on a YoY basis.

NMDC's adjusted PAT is likely to be 111% YoY according to Kotak Institutional Equities, which also expects Zee Entertainment to post a 365.5% change in PAT and close to 239% change for Godrej Agrovet.

The aforementioned report expects a change of 122% for Page Industries' PAT, 636% for Nykaa’s PAT and 118.7% for Rate Gain's adjusted PAT.

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