Next week is expected to be a busy one for corporate earnings, with several major companies set to announce their Q4 results. The list of companies includes ITC, Hindalco, Pfizer, Power Grid, IndusInd Bank, RVNL, and JSW Steel, among others.
ITC, one of India’s largest conglomerates, is expected to report a strong set of numbers, driven by its fast-moving consumer goods (FMCG) business. The company’s hotel and cigarette businesses are also expected to perform well, despite the challenges posed by the pandemic. Analysts expect ITC to report a profit of around Rs 3,700 crore, up from Rs 3,200 crore in the same quarter last year.
Hindalco, the Aditya Birla Group company, is expected to report a significant jump in profits, driven by the strong performance of its aluminium and copper business. The company’s results are expected to be boosted by the rebound in metal prices and the improvement in demand from key sectors such as construction and automotive.
Pfizer, the pharmaceutical major, is expected to report a strong set of numbers, driven by the growth in its vaccine business. The company’s results are expected to be boosted by the healthy demand for its Covid-19 vaccine, as well as its other pharmaceutical products.
Power Grid, the state-owned power transmission company, is expected to report a steady set of numbers, driven by the growth in power demand and the expansion of its transmission network. The company’s results are expected to be supported by the government’s focus on increasing power availability and reducing transmission losses.
IndusInd Bank, the private sector lender, is expected to report a strong set of numbers, driven by the growth in its retail banking business. The company’s results are expected to be boosted by the healthy demand for loans and deposits, as well as the improvement in asset quality.
Other companies that are expected to announce their Q4 results next week include RVNL, JSW Steel, and several other large and mid-cap companies. These results will be closely watched by investors and analysts, as they will provide a glimpse into the performance of various sectors and the overall health of the economy. Overall, next week is expected to be a crucial one for corporate earnings, with several major companies set to announce their Q4 results. The results will be closely watched by investors and analysts, and will provide valuable insights into the performance of various sectors and the overall health of the economy.