Asian Paints, L&T, Bajaj Auto to put up Q1 outcomes at the moment. Here is what to anticipate

NEW DELHI: A complete of three Nifty50 firms are scheduled to report their quarterly outcomes at the moment, particularly , and Larsen & Toubro. Out of the 16 Nifty50 firms which have reported their quarterly numbers to date, seven have reported outcomes that beat Avenue expectations whereas 4 fell wanting assembly investor expectations. Two firms reported in-line outcomes whereas the remaining three got here out with a combined set of numbers.

Here is what analysts stated on the earnings at the moment:

Asian Paints
Revenue 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 ballot of analysts. Gross 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 in opposition to 16.4 per cent YoY. Gross margin is anticipated to say no on account of greater uncooked materials costs. Income progress is anticipated to be aided by double-digit quantity progress & worth hikes. Quantity progress is seen at 18 per cent.

Bajaj Auto
As per an ET NOW ballot, Bajaj Auto might report a 0.7 per cent YoY rise in web revenue at Rs 1,069 crore in contrast with Rs 1061.20 crore in the identical quarter final yr. Income is seen rising 3.6 per cent YoY to Rs 7,652 crore from Rs 7,386 crore YoY. Ebitda is seen rising 6.5 per cent YoY to Rs 1,193 crore from Rs 1,119.80 crore. Margin is seen increasing to fifteen.6 per cent from 15.2 per cent YoY.

Larsen & Toubro
The development and engineering main is seen reporting a 21 per cent YoY soar in consolidated income at Rs 35,674 crore in contrast with Rs 29,334 crore in the identical quarter final yr. PAT is seen surging 66 per cent to Rs 1,956 crore from Rs 1,174 crore within the corresponding quarter final yr. 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 in opposition to 10.8 per cent within the year-ago quarter. Analysts predict wholesome progress within the June quarter on account of a big order e book, weak base and wholesome infra pipeline. Administration steerage on order inflows, execution and tender pipeline might be key monitorables.

(Disclaimer: Suggestions, recommendations, views, and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Instances)