- Bajaj Auto expects net profit of Rs 2,012.30 crore for the June quarter
- Hero MotoCorp estimates net profit of Rs 1,062.90 crore for Q1
- Jindal Stainless likely to report net profit of Rs 3,074.90 crore for Q1
Bajaj Auto Ltd., Hero MotoCorp Ltd., Jindal Stainless Ltd. and Trent Ltd. are among the top names that will announce their earnings for the first quarter on Wednesday.
Bajaj Auto is likely to post net profit of Rs 2,012.30 crore and revenue of Rs 12,283.40 crore for the quarter ended June, according to a survey of analysts' estimates done by Bloomberg. Its earnings before interest, taxes, depreciation and amortisation is seen at Rs 2,429.40 crore, and margin is expected at 19.78%.
Hero MotoCorp is likely to report a net profit of Rs 1,062.90 crore and total revenue of Rs 9,796.90 crore for the first quarter, according to estimates. Its Ebitda is seen at Rs 1,373.10 crore, and margin is expected at 14.02%.
Here are the earnings estimates of major companies that are scheduled to announce their results on Wednesday:
Jindal Stainless is likely to report a net profit of Rs 3,074.90 crore and total revenue of Rs 46,079.80 crore for the first quarter, according to estimates. Its Ebitda is seen at Rs 5,400.00 crore, and margin is expected at 11.72%.
On the other hand, Trent is likely to report a net profit of Rs 389.50 crore and total revenue of Rs 4,848.10 crore for the first quarter, according to estimates. Its Ebitda is seen at Rs 741.50 crore, and margins are likely to be at 15.29%.
Other companies announcing their June quarter results on Wednesday include PVR Inox, Divi's Laboratories, Bharat Heavy Electricals, Bharat Forge, Cera Sanitaryware, and more.
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