The fourth quarter earnings season is in full swing, and on Friday, May 9, a slew of major companies will be revealing their financial results for the January to March period. This wave of earnings announcements offers crucial insights into the performance of various sectors and the overall economic health.
Among the top names are Dr Reddy’s Laboratories, Manappuram Finance, Swiggy, CE Info Systems, Bank of India, India Shelter Finance Corporation, Birla Corporation, Cholamandalam Financial Holdings, Navin Fluorine International, and Thermax. Each of these companies operates in diverse sectors, from pharmaceuticals to finance and technology, and their earnings can set the tone for market trends.
Dr Reddy’s Laboratories, a pharmaceutical giant, is anticipated to report a net profit increase. Brokerages have estimated that its revenue from operations may also grow, driven by factors such as product launches and market expansion. Swiggy, the food delivery and quick commerce company, is expected to show steady revenue growth, buoyed by its continued strength in the food delivery segment and the growth of its Instamart service. However, profitability remains a challenge for Swiggy due to high operating costs and significant investments in the Instamart business.
In addition to these major players, a long list of other companies will also be disclosing their Q4 results. This includes Novartis India, ABB India, Cera Sanitaryware, Dhanlaxmi Bank, Eveready Industries India, Hariom Pipe Industries, Intellect Design Arena, Jupiter Life Line Hospitals, Kirloskar Ferrous Industries, KPR Mill Limited, Lloyds Enterprises, Motherson Sumi Wiring India, Relaxo Footwears, Shakti Pumps India, and Shyam Metalics and Energy. The combined earnings of these companies will provide a comprehensive view of the market’s performance during the quarter, helping investors and analysts gauge the overall economic momentum and sectoral trends. Stay tuned to CNBC-TV18’s live blog for the latest updates on these Q4 results.
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