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Synopsis : Q4 earnings for Axis Bank and HUL expected today. HUL may see muted growth, while Axis Bank could face a dip in net profit.
Today, the following companies are set to announce their Q4 results: Axis Bank, AU Small Finance Bank, Hindustan Unilever (HUL), LTIMindtree, 5Paisa Capital, Chennai Petroleum Corporation, Dalmia Bharat, DCB Bank, Dhampur Bio Organics, Equitas Small Finance Bank, India Hotels, Lodha, and Maharashtra Scooters.
Anant Raj, Agro Tech Foods, PNGS Gargi Fashion Jewellery, Harshdeep Hortico, MAS Financial Services, Nippon Life India Asset Management, Oracle Financial Services Software, Supreme Petrochem, and Syngene International are also slated to announce their Q4FY24 earnings today.
The stock prices of these 23 companies are anticipated to respond to their Q4 results today.
Here's an overview of the expected performance of some key companies in Q4:
Hindustan Unilever Q4 Results:
FMCG giant Hindustan Unilever (HUL) is predicted to show subdued earnings growth in the March quarter. It's estimated that HUL's Q4 net profit for FY24 will increase by 2.71% to ?2,538 crore from ?2,471 crore YoY.
The company's revenue is forecasted to grow by 1.16% to ?15,067 crore from ?14,893 crore in the corresponding period of the previous year, according to the average estimates of five brokerages. HUL's volume growth is expected to be around 3% for the quarter.
On the operational front, EBITDA is projected to rise by 0.60% to ?3,492 crore from ?3,471 crore YoY, while the EBITDA margin is anticipated to remain unchanged at 23.2% YoY.
Q4 Results for Axis Bank:
Axis Bank is anticipated to witness a 6.5% decrease in its net profit, dropping to ?6,322.7 crore in Q4FY24 from ?6,761.4 crore YoY. The bank's Net Interest Income (NII) is expected to increase by 10.3% YoY to ?12,955 crore, while its Net Interest Margin (NIM) may decline by 11 basis points QoQ to 3.95% due to rising cost of funds.
Pre-Provision Operating Profit (PPoP) is projected to remain steady QoQ due to controlled operating expenses. Provision costs are expected to stay subdued at 37 basis points, while loan growth could reach 4.3% QoQ, as per Prabhudas Lilladher estimates.
