Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
quarterly earnings for the January-March 2024 period on Thursday, with some important names like ITC, IndiGo, Honasa, and Tata Investment in the mix.
Other companies which will also announce their earnings include Bikaji Foods, Cello World, Concord Biotech, Fortis Healthcare, Icra, Uno Minda, Zaggle Prepaid and many more.
IndiGo Q 4 expectations
India's leading airline IndiGo is likely to post healthy earnings for the fourth quarter ended March 2024. The company will announce its quarterly results on March 23.
Revenue for the reporting period is seen growing around 16% year-on-year (YoY), according to brokerage estimates. Net profit, meanwhile, is likely to more than double compared with the previous year period, attributable to robust demand during the quarter.
Analysts expect EBITDAR to grow 69% YOY to Rs 5,000 crore amid strong demand and the weakening of smaller airline players.
In the preceding third quarter, IndiGo's profit zoomed 111% to Rs 2,998 crore, while revenue from operations increased 30% YoY to Rs 19,452 crore.
«Yields however are expected to remain flat at Rs 5 as supply constraints persist (70+ aircrafts remain grounded). However, we expect PLFs to remain high at 86% while PAX traffic will grow to 27.6 million,» said Nuvama.
ITC Q4 expectations
Diversified conglomerate ITC is expected to see muted growth in revenue for the fourth quarter ended March 2024. The company will announce its quarterly results on May 23.
Revenue growth for the reporting period is likely to average around 3-4%
