The earnings season for Q4 is in full swing, with numerous prominent companies unveiling their financial results. Major players from various sectors, including IT service giants like Tata Consultancy Services (TCS) and Infosys, alongside banking leaders such as HDFC Bank and ICICI Bank, have already shared their outcomes. This week, approximately 150 companies are set to disclose their performance for Q4 FY25. Notable names on the list include TVS Motor Company, UltraTech Cement, and Bharat Petroleum.
Diverse Earnings Trends Expected
According to Axis Securities, the earnings for Q4 FY25 are anticipated to reflect a mixed bag, similar to the preceding quarter. The firm predicts a slight improvement in several areas, buoyed by positive high-frequency indicators. However, they caution that broader consumer demand may still require 1-2 more quarters to stabilize. Specific sectors like BFSI, IT, Healthcare, Telecom, and Industrials are projected to witness earnings growth, while Consumer Staples and Retail sectors, along with cyclical domains such as Oil & Gas, may struggle.
Key Earnings Releases This Week
April 28 – UltraTech Cement
UltraTech Cement is expected to reveal its Q4 results, with projections suggesting an increase in year-over-year growth due to rising demand and enhanced market share. Analysts from Axis Securities anticipate higher revenues driven by increased volume and improved gross margins thanks to lower costs.
April 28 – TVS Motor Company
TVS Motor, a prominent player in the two-wheeler sector, is also set to announce its financial results. According to Nuvama, the company’s revenue growth will be supported by volume increases. The EBITDA margins are expected to expand, fueled by favorable factors such as PLI incentives and a beneficial regional sales mix.
April 29 – Bharat Petroleum Corporation Ltd (BPCL)
BPCL’s Q4 numbers will be unveiled, with Yes Securities estimating core gross refining margins (GRM) of USD 6.4/bbl on substantial throughput. The company had previously reported a 19.63% annual increase in net profits during Q3 FY25, amounting to ₹3,805.94 crore.
April 29 – Bajaj Finance
On the same day, Bajaj Finance will disclose its fourth-quarter results, with Kotak Institutional Equities forecasting 26% year-on-year loan growth. They predict a slight compression in Net Interest Margins (NIM) and expect the cost-to-average AUM ratio to stabilize.
April 29 – Ambuja Cements
Ambuja Cements is poised to report its earnings, with Elara Capital projecting significant profitability improvements due to a weak base. Analysts anticipate a 19% year-on-year increase in volumes, although EBITDA per ton may decline compared to the previous year.
April 30 – Vedanta
The mining giant Vedanta will announce its Q4 figures, with expectations of a 3% quarter-on-quarter decline in EBITDA due to rising costs in the aluminum segment. Mixed commodity price trends are also anticipated to affect overall performance.
April 30 – Indian Oil Corporation (IOCL)
IOCL is set to release its earnings report, with predictions of core GRM at USD 5.7/bbl. The company had previously noted a sharp 76.57% drop in consolidated net profit for Q3 FY25, attributed to lower refining margins.
May 2 – Marico
The fast-moving consumer goods firm Marico will announce its results, with expectations of a 5% growth in domestic volume and a 15.3% increase in standalone value year-on-year. This growth is primarily driven by price adjustments in key products like Parachute and Saffola.
May 3 – State Bank of India (SBI)
Finally, SBI is set to reveal its Q4 results, with forecasts indicating a 13% year-on-year growth in advances. Analysts predict that asset quality will remain stable despite potential sequential reductions in NIM.
Conclusion
As the earnings season unfolds, the insights from these major companies will provide a clearer picture of the economic landscape. Investors are keenly watching for trends that may shape market directions in the coming months. For more updates on financial performance across various sectors, stay tuned to our coverage.
