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  • stock market: Asian Paints, L&T, Bajaj Auto to post Q1 results today. Here’s what to expect
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stock market: Asian Paints, L&T, Bajaj Auto to post Q1 results today. Here’s what to expect

By Bernadette 10 months ago

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NEW DELHI: A total of three Nifty50 companies are scheduled to report their quarterly results today, namely , and Larsen & Toubro. Out of the 16 Nifty50 companies that have reported their quarterly numbers so far, seven have reported results that beat Street expectations while four fell short of meeting investor expectations. Two companies reported in-line results while the remaining three came out with a mixed set of numbers.

Here’s what analysts said on the earnings today:

Asian Paints
Profit for the paints maker is seen rising 48.3 per cent year-on-year (YoY) to Rs 851 crore from Rs 574 crore, as per ET NOW poll of analysts. Sales are seen rising 30.6 per cent YoY to Rs 7,294 crore from Rs 5,585 crore. Ebitda is seen climbing 40.80 per cent to Rs 1,578 crore from Rs 913 crore. Margin is seen at 17.6 per cent against 16.4 per cent YoY. Gross margin is expected to decline due to higher raw material prices. Revenue growth is expected to be aided by double-digit volume growth & price hikes. Volume growth is seen at 18 per cent.

#EarningsWithETNOW | @asianpaints Q1FY23 Poll: Gross margin is expected to decline due to higher raw material price… https://t.co/HVgw4MTWfH

— ET NOW (@ETNOWlive) 1658740300000

Bajaj Auto
As per an ET NOW poll, Bajaj Auto may report a 0.7 per cent YoY rise in net profit at Rs 1,069 crore compared with Rs 1061.20 crore in the same quarter last year. Revenue is seen rising 3.6 per cent YoY to Rs 7,652 crore from Rs 7,386 crore YoY. Ebitda is seen growing 6.5 per cent YoY to Rs 1,193 crore from Rs 1,119.80 crore. Margin is seen expanding to 15.6 per cent from 15.2 per cent YoY.

#EarningsWithETNOW | Auto major @_bajaj_auto_ltd is slated to post its numbers on Tuesday. Here is the ET NOW poll… https://t.co/s3ov0l556J

— ET NOW (@ETNOWlive) 1658733203000

Larsen & Toubro
The construction and engineering major is seen reporting a 21 per cent YoY jump in consolidated revenue at Rs 35,674 crore compared with Rs 29,334 crore in the same quarter last year. PAT is seen surging 66 per cent to Rs 1,956 crore from Rs 1,174 crore in the corresponding quarter last year. Ebitda is seen rising 23 per cent YoY to Rs 3,906 crore from Rs 3,171 crore YoY. Margin is seen at 10.9 per cent as against 10.8 per cent in the year-ago quarter. Analysts are expecting healthy growth in the June quarter due to a large order book, weak base and healthy infra pipeline. Management guidance on order inflows, execution and tender pipeline will be key monitorables.

#EarningsWithETNOW | L&T Q1FY23 Poll: Revenue is expected to rise by 22% to Rs 35,674 cr on a YoY basis. PAT is exp… https://t.co/I4AQsT5bra

— ET NOW (@ETNOWlive) 1658729023000

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)



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