Q1 results today: L&T, Axis Bank among 67 companies to announce earnings on Wednesday
quarterly results for the April-June 2024 period on Wednesday. Key results to watch out include L&T, Axis Bank, Bajaj Finserv and SBI Life.
Apart from the above, companies like CMS Info Systems, Craftsman Automation, DCB Bank, Epack Durable, Federal Bank, Go Fashion, Jindal Steel, JK Paper, Mahindra Lifespace, KPIT Technologies, Ramco Systems among others will also announce their results.
L&T Q1 expectations
Engineering and construction major Larsen and Toubro (L&T) is likely to report healthy growth in revenues and profit for the first quarter, led by energy and services businesses. The company will announce its results on July 24.
Revenues for the first quarter are likely to jump 8% year-on-year, according to an average estimate of four brokerages, while net profit is seen rising 11% year-on-year.
«We expect L&T to report consolidated revenue growth of 8% year-on-year. However, projects and manufacturing execution may be impacted by labour shortages,» said Prabhudas Lilladher.
Key monitorables in the results include management commentary on international order prospects, domestic tendering activity, working capital, and performance of Hyderabad Metro.
In the preceding March quarter, the infrastructure major posted 10% growth in its consolidated net profit at Rs 4,396 crore. For the same period, consolidated revenues stood at Rs 67,079 crore, showing a growth of 15% year-on-year.
Axis Bank Q1 expectations
Private lender Axis Bank is likely to post double-digit growth in its net interest income (NII) for
