Apart from the above, companies like Elecon Engineering, Hathway Cable, Lotus Chocolate, Parshva Enterprises, Ratnaveer Precision Engineering, Regency Fincorp, RO Jewels, Sanathnagar Enterprises among others will also declare their first quarter results.
LTIMindtree Q1 expectations
IT services company LTIMindtree is expected to post healthy sequential revenue growth both in rupee and constant currency terms, driven by healthy uptick in BFSI and manufacturing verticals.Revenue for the first quarter is likely to rise 2% quarter-on-quarter, according to an average estimate of four brokerages. On a year-on-year basis, revenue is seen growing 4%.
In constant currency terms, analysts estimate revenue growth to be 2%.
Meanwhile, net profit for the April-June 2024 period may increase marginally up to 2% year-on-year. The sequential PAT growth is likely to be around 5%.
In the preceding March quarter, net profit fell 1% year-on-year to Rs 1,100 crore. Revenue from operations in the January-March period rose 2% year-on-year to Rs 8,893 crore.
Key things to watch out for in the earnings card include commentary around demand, performance of BFSI and manufacturing verticals.
Asian Paints Q1 expectations
Asian Paints is expected to report a net profit between Rs 1,409 crore and Rs 1,526 crore for the quarter ended June 2024, according to estimates by three brokerages. The revenue for the reporting quarter is seen in the range of Rs 9,053-9,311 crore.
While Kotak Institutional Equities and Antique Stock Broking remain more conservative in their estimates of profit after tax (PAT) for Asian Paints in Q1FY25 at Rs 1,409 crore, estimating a 9% year-on-year decline, Anand Rathi Research expects June quarter PAT at Rs 1,526 crore which will be a 1% climbdown over the corresponding period of the last financial year.
However on a sequential basis, PAT could go up between 12% and 21% in Q1FY25 over Q4FY24. While Kotak and Antique peg the growth at 12%, Anand Rathi at 21%. The average estimates of three brokerages come to a 15% quarter-on-quarter uptick.
Antique sees highest revenue from operations among its peers at Rs 9,311 crore followed by Anand Rathi’s estimates of Rs 9,182 crore. Kotak’s revenue estimates remain most conservative at Rs 9,053 core. The revenue growth is expected to remain flat in the said quarter. While Kotak sees a 1.4% decline, Antique sees an uptick of 1.4%.
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