Key Q4 Results Updates: With the likes of Maruti Suzuki, Wipro, Bajaj Finserv Infosys, TCS, HCL Technologies, HDFC Bank, Shriram Finance, Jio Financial, Reliance Industries, Tata Consumer Products, HUL, Axis Bank, ‘Vedanta, Tech Mahindra, Bajaj Finance having already released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now full swing. Market Participants were today keen on the performance of players like SBI, Asian Paints, Abbott India, Alembic Pharma, BPCL, HPCL, Indian Overseas Bank, Mahanagar Gas, and Orient Electric among others. Meanwhile, the street was also keeping a watch on how stocks were performing for the companies that have already released their earnings for the period.
The week will witness announcements from the likes of ABB India, Bank of Baroda, Cipla, Kalyan Jewellers, Aarti Industries among many others.
Q4 results live updates: SBI, BPCL, HPCL, and other released earnings today
“Although spot LNG prices continue to remain low at $10/mmBtu in Q1-FY25TD, propane prices would be a key monitorable due to its competitive intensity in Morbi. The stock is currently trading at 28.4x FY26 EPS. We build in 9% CAGR volume growth over FY25-26E and estimate an EBITDA of Rs 5.5/scm for FY25/26E. Maintain a “Hold” rating with a target price of Rs 558 based on 29x FY26E EPS,” said Prabhudas Lilladher on Gujarat Gas.
“We revise our FY25/26E EPS estimates by -3.6%/+5.2% factoring in lower expected core margins in FY25 but increased execution in FY26. Larsen & Toubro (LT) reported consolidated revenue growth of 15.0% YoY, while EBITDA margin contracted by 93bps YoY due to higher SG&A costs,” said Prabhudas Lilladher on Larsen & Toubro.
“The company declared a final dividend of Rs 5/share. Going ahead, we build in a conservative volume growth CAGR of 6% over FY24-26E with an EBITDA/scm of Rs7. The stock is currently trading at 19.3x FY26 EPS and 12x FY26 EV/EBITDA. We maintain a “Sell” rating with a target price of Rs 368 based on 14x FY26E standalone EPS and adding the value of investments,” said Prabhudas Lilladher on Indraprastha Gas.
Hero MotoCorp‘s shares soared 6.7% during intraday reaching a high of Rs 4,922 after it reported a robust growth in net profit of Q4 FY24. The auto major’s standalone profit stood at Rs 1,016.05 crore in Q4 of FY24, up 18% on year compared to Rs 858.93 crore in Q4 of FY23. The company’s net profit was mostly in line with the Street’s estimates of Rs 1,026 crore.