On Friday, as many as 15 companies will announce their quarterly numbers with some of the major ones in the mix, including Wirpo, Jio Financial, and HDFC AMC among others.
Other companies which will declare the results are Hindustan Zinc, Elecon Engineering, Benares Hotels, VL-E Governance, Rajnish Wellness, Amal, Sejal Glass, Roselabs Finance and others.
Wipro Q4 expectations
Wipro earnings for the March quarter are set to be another forgettable one for Dalal Street as the weak demand environment continues to weigh on growth.
The company’s consolidated revenue for the reporting quarter is expected to be flat sequentially and decline 4.3% year-on-year (YoY) to Rs 22,185 crore, according to the average of estimates given by 10 brokerage firms.
Consolidated net profit, though, is likely to rise by nearly 4% sequentially, but decline a sharp 9% YoY to Rs 2,799 crore, the estimates showed.But more than the earnings, the Street will be all eyes and ears on the new MD and CEO Srini Pallia, seeking to hear about the planned strategy to bring Wipro back on the growth track in the current financial year. Read full preview here
Hindustan Zinc Q4 expectations
Hindustan Zinc is likely to see a sharp drop in its fourth-quarter earnings growth as net sales could fall around 11%. Meanwhile, net profit for the quarter may also dip 22% year-on-year.
“We expect zinc, silver and lead sales to increase by 3.9%, 3.8% and 0.1%, respectively year-on-year. We expect EBITDA to remain flat quarter-on-quarter with higher metal sales almost entirely offset by lower zinc prices,” Kotak Equities.
All eyes will be on the guidance on CoP, volumes, and realizations. Further, investors may also keep a close watch on guidance on future dividend payout.
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