Q4 Earnings Preview: Insights into Infosys and Bajaj Auto Performance
Today marks an important day for investors and market enthusiasts as a total of 19 companies are set to unveil their financial performance for the fourth quarter of FY24 (Q4 FY24). Let’s take a closer look at the companies releasing their Q4 Earnings and what to expect from some key players in the market.
Companies Releasing Q4 Results
Among the 19 companies scheduled to announce their Q4 earnings today, April 18, are Infosys Ltd, Bajaj Auto Ltd, HDFC Life Insurance Company Ltd, ICICI Securities Ltd, and several others. The market will be keenly watching these results as they often provide insights into the overall health of various sectors and industries.
India Inc. is anticipated to report moderate earnings for the March quarter, with domestic cyclical sectors like auto and BFSI leading the way. However, global cyclical sectors such as oil & gas and metal may lag behind.
Infosys Q4 Results Preview
Infosys, the second-largest IT services company, is expected to post modest numbers in Q4FY24 amidst challenges in discretionary spending. Despite the anticipated sequential drop in revenue, the EBIT margin is projected to remain steady due to various growth constraints.
The company’s deal momentum has been robust, with a significant increase in the total contract value (TCV), reaching $13.2 billion, up 70% YoY during the first three quarters.
Bajaj Auto Q4 Results Preview
Bajaj Auto, renowned for its two-wheeler and three-wheeler manufacturing, is poised to announce strong earnings for the quarter ending March 2024. The company’s impressive volume growth, coupled with better realizations and higher average selling prices (ASP), is expected to drive revenue growth.
Additionally, a favorable product mix, reduced input costs, and operational efficiency are likely to contribute to margin expansion in Q4FY24.
Conclusion
As the curtain rises on Q4 earnings announcements, investors are eagerly awaiting insights into the financial performance of key players across various sectors. With expectations running high, today’s results will undoubtedly have a significant impact on market sentiment and future investment decisions.
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FAQs
- Which companies are releasing their Q4 results today?
- Today, a total of 19 companies, including Infosys, Bajaj Auto, HDFC Life, and ICICI Securities, are scheduled to release their Q4 earnings.
- What can investors expect from India Inc.’s Q4 earnings?
- India Inc. is anticipated to report moderate earnings, with domestic cyclical sectors like auto and BFSI leading the way.
- What are the expectations for Infosys’ Q4 performance?
- Infosys is expected to report modest numbers in Q4FY24 amidst challenges in discretionary spending, with steady EBIT margins.
- What factors are driving growth for Bajaj Auto in Q4FY24?
- Bajaj Auto’s growth is driven by impressive volume growth, better realizations, and higher average selling prices (ASP), alongside margin expansion due to operational efficiencies.
- How might today’s Q4 results impact market sentiment?
- Today’s Q4 results will likely have a significant impact on market sentiment and future investment decisions, depending on the performance of key players across sectors.
