Q4 results today: SBI, Asian Paints among 69 companies to announce earnings
State Bank of India (SBI) among 69 companies will announce their results for the quarter ended March 2024 on Thursday. Other companies investors will watch out for include Asian Paints, BPCL and Indian Overseas Bank.
Apart from the above, Abbott India, ADF Foods, Ajmera Realty, Alkyl Mines, Alps Industries, Alembic Pharma, ASI Industries, Balgopal Commercial, Capital SFB, Care Ratings, Escorts Kubota, Grand Foundry, Gopal Snacks, HPCL, IOB among others will also release their March quarter numbers.
SBI Q4 expectations
India's leading public sector lender State Bank of India (SBI) is expected to report muted numbers for the fourth quarter ended March 2024.
Analysts are pricing in a flattish net interest income (NII) growth or even a marginal decline up to 1% year-on-year on the back of higher operating expenses and NIM normalisation.
Operating expenses would be higher due to wage revision-related costs (final settlement impact).
Net profit for the fourth quarter is likely to drop 24% year-on-year, according to an average estimate of five brokerages.
«We expect operating profit to decline 20% year-on-year (higher operating expenses) and NIM normalization. We are building in flat NII growth on the back of 14% year-on-year loan growth,» said Kotak Equities.
Asian Paints Q4 expectations
Domestic paint and building material player Asian Paints is expected to report a net profit of Rs 1,317 crore for the quarter ended March 2024, which will likely be 5% year-on-year.
The Mumbai-headquartered company may also post a
