Q4 results today: Adani Enterprises, Coal India among 49 companies to announce earnings
Other notable companies' which are also due to release their earnings today include Coal India, Dabur India, Federal Bank, Digicontent, Blue Star, Ajantha Pharma, JBM Auto, Khemani Distributors, KPR Mills, Kretto Syscon, Ksolves India, Aptech among others.
Coal India Q4 expectations
State-owned Coal India is expected to put up a strong operational show for the quarter ended March 2024, led by lower employee costs. The previous year quarter included arrears of earlier years. The company will announce its quarterly results on May 2.
Net profit for the fourth quarter is seen rising around 37% year-on-year, while net sales are likely to be flat or even decline up to 5% year-on-year.
On a sequential basis, net profit for the quarter may fall 17% quarter-on-quarter and sales are likely to remain flattish. Operating profit or EBITDA for the quarter is expected to jump over 50% year-on-year in the reporting March quarter.
Earnings are not comparable with the same quarter last year due to the provision of Rs 5,800 crore taken in 4QFY23 on account of wage revision.
Kotak Equities estimates Healthy growth in dispatches to 202 million tonnes, up 8% year-on year, in 4QFY24.
«Blended realizations at Rs 1,649/tonne in 4QFY24, reflecting the price increase taken for high-grade coal from end-May 2023. Sequential drop in realizations on account of the weakness in auction premiums,» it added.
Dabur India Q4 expectations
FMCG company Dabur India is expected to report a net profit of Rs 320 crore for the quarter ended March 31,
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