US Stock Reports, Quotes and News
Hero MotoCorp Q4 Results Preview: Hero MotoCorp is poised for robust growth in Q4, with a projected 14% surge in revenue propelled by increased volumes and average selling prices (ASPs). Profit is forecasted to climb by 22%, bolstered by a 10% uptick in volume. Additionally, the company anticipates a 123 basis points improvement in EBITDA margins.
Cons revenue is expected to rise 0.5% sequentially and 7.5% YoY to Rs 28,599 crore, according to the average of estimates of 10 brokerages. Cons net profit is likely to fall 6% sequentially but rise by 2.8% YoY to Rs 4,094 crore.
On the revenue front, the company will likely report growth of 7.2% for the reporting quarter at Rs 5,174 crore. Sharekhan\’s revenue estimates remain highest in the pack at Rs 5,236 crore for the reporting quarter while HDFC Securities\’ Rs 5,090 crore remains the lowest.
Bajaj Finance projects strong Q4 results with expected profit and NII growth. Despite RBI restrictions affecting loans, AUM reached Rs 3.3 lakh crore. Key aspects include NIM, cost of funds, and expense control efforts to manage credit costs.
RIL Q4 Preview: On an average, four brokerages anticipate a year-on-year growth in fourth-quarter revenue from operations of up to 12%.
Wipro Q4 Results Preview: Wipro\’s consolidated revenue for the reporting quarter is expected to be flat sequentially and decline 4.3% YoY to Rs 22,185 crore, according to the average of estimates by 10 brokerage firms. However, cons net profit is likely to rise by nearly 4% sequentially, but decline a sharp 9% YoY to Rs 2,799 crore
Infosys Q4 Preview: For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.
6 companies expected to double sales in Q4 with sectors like automobiles, banks, gas utilities, pharmaceuticals showing YoY sales growth. Sunteck Realty set for a significant jump in net sales.
Bajaj Auto anticipates a 29% YoY jump in PAT to Rs 1,606 crore for Q4FY24, driven by higher sales volume, richer product mix, and commodity tailwinds. Revenue expected to grow by 24% YoY.