Q4 preview: 6 companies likely to report doubling of sales. Do you own any?
Reports from brokerage firms state that automobiles and components, banks, diversified financials, gas utilities, pharmaceuticals are the sectors likely to expect a YoY increase in the net income while metals and mining and oil, gas and consumable fuels might witness a YoY decline.
Here are 6 companies that might post a net sales figure of over 100% in this quarter’s earnings:
Gland Pharma: The company is expected to post a net sales growth of 104% YoY with a sales of Rs 1,606 crore due to a revival in the core segment. Update on new approvals/launches and expansion plans in China and on complex approvals for the core markets has also been shared by the company.
Sunteck Realty: Sunteck is all set to show a massive jump of 1,126% YoY with its net sales expected to stand at Rs 599 crore. The company failed to open up any new inventory during the quarter; however, a pick-up in velocity at its existing projects should lead to a 14% QoQ jump in pre-sales.
BSE: BSE, in lending space, might be seen reporting a 129% YoY change in its net interest income (NII) at Rs 520 crore. Transaction revenue likely to improve as volumes in the cash segment improved in January and February 2024. The traction in the derivative segment is visible, which will in turn increase option volumes for BSE.
Cochin Shipyard: Kotak Institutional Equities foresees a 100% YoY revenue growth over a low base, but is still 4% lower compared to Q4FY22. Revenue growth is likely to be driven by the execution of IAC 1, ASW Corvette and NGMV projects to
