Eye On Earnings: What to expect from United Spirits, Lupin, BHEL
The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods.
The other names include Phoenix Mills, Nazara Technologies, Endurance Technologies, New India Assurance, Godrej Industries, Bata India, MCX, Raymond, Welspun Corp, Easy Trip Planners, Medplus Health, Restaurants Brands Asia, and Landmark Cars.
Earnings Expectations
BHEL
The company is expected to have remained in the red during the September quarter, but the losses are likely to narrow sequentially. On a year-on-year basis, estimates show that the electrical equipment maker will post a loss against a profit in the same period last year.
Nuvama Institutional Equities has estimated a net loss of Rs 258 crore, compared to a loss of Rs 352 crore in the June quarter, and a profit of Rs 10 crore in the same period last year.
Revenue is expected to grow 10% YoY and 15% sequentially to Rs 5,746 crore.
“Given the viewpoint of energy security overriding energy transition, we believe thermal ordering is on the cusp of revival in the near-term as CEA plans 30-35 GW of new thermal ordering over FY24-28,” the brokerage said.
Lupin
The drugmaker’s consolidated net profit is seen rising nearly threefold YoY, with a double-digit growth in both revenue and operating profit.
Brokerage Motilal Oswal Securities has estimated 17% growth in the revenue and whopping 76% growth in the operating profit.
Lupin’s US sales are seen growing a healthy 32% to $210 million, led by new product launches during the quarter. EU sales may grow by 18%, led by healthy traction in the base portfolio.
The brokerage will look for an update on limited competition approvals,
