Other companies which will also announce their results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax etc.,
Cipla Q4 expectations
Pharma major Cipla is expected to report robust growth in profitability during the fourth quarter ended March 2024 on the back of healthy operations.Net profit for the fourth quarter may rise up to 71% year-on-year, while net sales may grow 7% year-on-year, according to an average estimate of four brokerages.
In the recent third quarter, Cipla reported a 32% year-on-year jump in its consolidated profit at Rs 1,056 crore.
Also read – Cipla Q4 Results Preview
Most analysts expect Cipla to report 10% year-on-year growth in domestic sales in 4QFY24. Margins for the reporting quarter may decline sequentially due to lower gRevlimid sales and higher marketing spend.
“We build US sales of $230 million, flat quarter-on-quarter. We bake in gRevlimid sales of $28 million (a tad higher than $25 million in 3QFY24), along with marginal boost in volumes of Albuterol and Lanreotide,” said Kotak Equities.
Tata Motors Q4 expectations
India’s largest electric carmaker Tata Motors is expected to report a net profit of Rs 7,640 crore for the quarter ended March 2024. This will likely be a jump of 33% year-on-year.
Also Read: Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital
Revenue for the same period is expected to rise 14% at Rs 1.16 lakh crore, according to the average estimate of three brokerages.
The profit after tax (PAT) is seen in the range of Rs 7,438-8,350 crore, while revenue is expected to stay between Rs 1.05 lakh crore-1.21 lakh crore.
The likely growth in PAT will be on account of higher revenues that was witnessed during the quarter which was a 16% uptick in the YoY sales volume.
Also read – Tata Motors Q4 Results Live Updates
The quarterly estimates were given by Japanese brokerage Nomura and the domestic ones viz. ICICI Securities and JM Financial.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)