State Bank of India, Tata Motors Ltd., and Voltas Ltd. are among the top names that will announce their earnings for the first quarter on Friday.
The country's largest lender is expected to post a standalone net profit of Rs 16,964 crore, down 0.4% on year, according to a poll by Bloomberg. During the quarter ended March, the bank's bottom line was at Rs 18,643 crore.
This is on the back of lower profitability with net interest income seen at Rs 42,430 crore, down over 3% on year. In the March quarter, NII was at Rs 42,775 crore. Consequently, NIM is seen at 2.85%, lower than 3.15% in the quarter ago.
Here are the earnings estimates of major companies that are scheduled to announce their results on Friday:
Tata Motors is likely to post a 30% decline in net profit with the bottom line expected at Rs 3,972.13 crore. The revenue for the quarter will also decline 6% to Rs 1.02 lakh crore. Ebitda is expected to be at Rs 10,717 crore while margin will be at Rs 10.5%.
Voltas is likely to post a profit of Rs 224.68 crore in the quarter ended June, while revenue is expected to be at Rs 4,383.56 crore. Ebitda is also likely to be posted at Rs 281.28 crore, with the margin at 6.40%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
