Q3 Results Expectations:The market is eyeing the results coming tomorrow. Tomorrow the Nifty will result in the results of 6 companies including M & M and futures of Elkem Lab, LIC. M&M profits may increase by 37%. Margin can also show improvement. So let’s take a look at the quarterly results of companies
According to CNBC-Awaaz pole, M&M’s profits in Q3 may increase by 37%. The total volume in Q3 may increase by 17.4% to 34,400 units while the volume of the auto segment is possible by 17%. In Q3, fast recovery in tractor sales is possible and its growth can be 20%. Auto margin is possible by 1% to 18.5%. Effect on auto margins is possible due to high discounts, increase in advertising expenses. Earning boost from SUV portfolio, form segment, is possible.
Where will be an eye
Tractor demand outlook, new EV sales, expectations of sales and auto segment margin may be an eye on the outlook.
Consolidation Revenue is an increase of 4.5 per cent on an annual basis, while profits can be seen by 1-2 per cent. At the same time, the company’s margin may remain flat in the third quarter. However, domestic formulation business is expected to grow 4%. Sales in US trading are estimated to decrease by 14%. Slow sales from the new launch are possible pressure on US business.
Where will you see
Updates on biosimiller portfolio, biosimiller’s emerging market and G-Valsartan drug will be monitored on the growth possibilities in the US.
According to CNBC TV18 poll, the company may see a 23 per cent pressure in the new business premium. It can come down from Rs 54,763 crore to Rs 42,406 crore on an annual basis. In the third quarter, the company’s total ape may decrease by 18 per cent on an annual basis. Whereas Retail APE also declines by 18 percent.
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