Q1 results today: LIC, RVNL, GRSE, MRF among 225 companies to announce earnings on Thursday
LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE.
Apart from the above, companies like ABB India, Agri-Tech, Astral, AstraZeneca India, Biocon, Birla Corp, Container Corp, Emkay Global, HCL Infosystems, Minda Corp, Oil India, Page Industries, ZEE Learn among others will also declare their quarterly results.
Eicher Motors Q1 expectations
Eicher Motors is expected to report a net profit in the range of Rs 943-1,034 crore in the first quarter, according to estimates by four brokerages. The growth in profit after tax (PAT) could be between 2.7% and 13% year-on-year. Revenue for the reported quarter may be at Rs 4,178-4,273 crore, which translates into an uptick of up to 7.2%.
The earning estimates have been given by Kotak Institutional Equities, Nuvama Institutional Equities, Yes Securities and Axis Securities. The highest estimate of PAT and revenue have been given by Nuvama while the lowest is from Yes Securities.
The revenue growth by the maker of Royal Enfield motorcycles will be on account of volume growth and rise in the average selling price (ASP) of the vehicles owing to a richer mix.
Kotak Equities expects the company to post an adjusted PAT of Rs 978 crore, which could go up by 6.5% year-on-year, while declining by 8.6% on the quarter-on-quarter basis.
EBITDA for the reported quarter is seen at Rs 1,100 crore, which is a likely 7.7% YoY jump but a QoQ fall of 2.6%. Meanwhile, EBITDA margin is seen at 26.2%, up by 60 bps YoY and down by 31 bps QoQ.
LIC Q1 expectations
LIC is the largest life insurer is
