The fiscal fourth quarter is in full swing, and numerous prominent companies are revealing their earnings results. Major players like Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Tech, alongside industry giants such as Reliance Industries and HDFC Bank, have already announced their performance for the period. As the results continue to roll in, today’s lineup includes companies like UltraTech Cement, TVS Motor Company, and Adani Green Energy.
Anticipated Results from Key Players
Today’s earnings reports are set to include:
- UltraTech Cement
- TVS Motor Company
- Adani Green Energy Limited
- Oberoi Realty
- UCO Bank
- PNB Housing Finance
- Sanghi Industries
- Indian Railway Finance Corporation
- IDBI Bank
- KFin Technologies
- Hatsun Agro Products
- Greenply Industries
- Central Bank of India
- Castrol India
- Aditya Birla Sun Life AMC
Market Analysis Insights
A recent analysis by Nuvama indicates a continuation of earnings challenges into Q4 FY25. Key observations include:
- Expected top-line growth of just 6% year-over-year for the coverage universe (excluding Oil Marketing Companies) marks a decline from 8% in the previous quarter.
- Profit growth is projected to be minimal, with only a 1% increase, compared to 6% over the first nine months of the fiscal year.
- Sectors such as cement, FMCG, energy, and automobiles are anticipated to experience weak profits, while metals, chemicals, pharmaceuticals, and telecommunications are likely to see robust growth.
Highlights from Recent Earnings Calls
Hindustan Zinc’s Performance
In the latest earnings call, Hindustan Zinc reported a significant drop in its Cost of Production (CoP) for zinc, now at $994 per ton, down from $1,041 in the previous quarter. Notable points include:
- Volume guidance for FY26 is set between 1,090-1,110 kt for refined metal and 700-710 tons for silver.
- The company projects a CoP of $1,025-$1,050 for FY26, with a capital expenditure forecast of $225-250 million aimed at expanding capacity to 2 million tons.
Maruti Suzuki’s Quarterly Performance
According to ICICI Securities, Maruti Suzuki reported an EBITDA margin of 10.5% for Q4 FY25, which fell short of expectations. Factors impacting profitability included:
- An adverse product mix and startup costs from the Kharkhoda plant.
- Anticipated retail growth of 3-4% for FY25, with modest industry growth forecasts for the upcoming fiscal year.
Maruti Suzuki is gearing up for two major product launches, which are expected to bolster volume growth.
Reliance Industries’ Growth Prospects
Reliance Industries (RIL) reported stable earnings, with a consolidated EBITDA of Rs 438 billion for Q4 FY25, reflecting a 3% year-over-year increase. Analysts at Motilal Oswal predict that RJio will be a key growth driver, fueled by:
- Anticipated market share gains and another tariff hike.
- A focus on expanding its Homes and Enterprise services.
A Look Ahead
As the earnings season unfolds, many more major companies will announce their quarterly results. For ongoing insights and comprehensive coverage of financial updates, stay tuned for our live blog, where we’ll analyze key data and trends throughout the fiscal quarter.
This earnings period is crucial for investors, providing valuable insights into market dynamics and growth trajectories across various sectors.
