Q1 results today: Hindalco, Nykaa among 660 companies to announce earnings on Tuesday
earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC.
Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results.
Nykaa Q1 expectations
FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024. This growth will mainly be driven by the BPC (beauty and personal care) and fashion businesses.
Revenue for the reporting quarter is seen growing 26% year-on-year, according to an average estimate of three brokerages. Meanwhile, net profit is likely to surge up to 429%.
Equirus Securities has the highest PAT estimate for the company at Rs 17.5 crore, which is an increase of 429%. JM Financial's profit estimate for Nykaa is the lowest at Rs 10.6 crore, up 221% year-on-year.
The company had reported a profit of Rs 6.9 crore in the preceding March 2024 quarter and Rs 3.3 crore in the year-ago quarter.
Hero MotoCorp Q1 expectations
Hero MotoCorp is expected to report a net profit in the range of Rs 1,119-1,926 crore, which translates into an year-on-year growth of 14-35%, according to estimates by four brokerages. The revenue in the reported quarter is expected
