India's largest two wheeler manufacturer Hero MotoCorp Ltd., software services provider Tech Mahindra Ltd., TVS Motor Company Ltd., and JSW Energy Ltd. are among companies reporting July-September quarter earnings today.
Hero MotoCorp may see a 3 percent rise in profit aided by strong sales. The two-wheeler maker crossed the elusive seven-lakh-unit sales mark in September. Revenue may rise 13 percent to Rs 8,815 crore year-on-year, according to the Bloomberg consensus estimate. The operating margin may contract due to higher aluminum and steel prices.
What To Watch
- Signs of pick-up in rural demand
- Update on retail demand.
- Update on discounts and price hikes
- Export plans
Tech Mahindra may see a nearly 7 percent decline in profit on lower other income. Revenue is estimated to rise 3 percent to Rs 7,556 crore as compared to the previous quarter, according to the consensus estimate of analysts tracked by Bloomberg. Operating margin may expand 110 basis points to 13.8 percent. Ramp-down in certain projects may keep earnings subdued.
What To Watch
- Impact of ramp-down in certain accounts
- Pick-up in enterprise and communications
- Revival in Lightbridge Communications
Other Earnings
JSW Energy
What To Watch
- Update on electric vehicle plans
- Plant load factor at Vijayanagar and Ratnagiri plants
- Higher fuel costs may hit profit
TVS Motor
What To Watch
- Launch of BMW G310 R, which is being built in TVS' factory
- Response to Jupiter Classic scooter
- Impact on spare parts business after GST
Apollo Tyres
What To Watch
- Volume growth in India and Europe
- Impact of higher rubber and raw material costs
- Impact of losses in Hungary operations
Other Results Today
- Eclerx Services
- ENIL
- Godrej Consumer Products
- Greaves Cotton
- Hexaware Technologies
- Max India
- Shriram Transport Finance
- Tourism Finance Corporation Of India
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