Q3 Results Expectations: The results of four Nifty companies IndusInd Bank, Sunforma, ONGC and Nestle will come tomorrow. IndusInd Bank’s profit may decrease by 39%. Interest has an increase of about two percent in earnings. Also, the results of 10 futures companies including Marico, Bandhan Bank will also be awaited. Let’s put the results of these companies.
12% growth is possible in domestic formulation business. The company’s profit in Q3 can increase from 14 per cent to Rs 2940 crore. Double digit growth is possible in the US specialty segment. The increase in sales of Grevlimid has given support to US cells while margin stable is possible despite increasing R&D spending. Grevlimid sales will support margin.
Deuruxolitinib’s launch in US, clinical trial product development and branded generic will be an eye on Outlook.
Business growth in Q3 is expected to remain dull. Deposit growth in Q3 increased from 14.7% to 14.9% while loan growth declined from 13.2% to 12.6%. However, the bank’s profit may fall by 39 per cent on an annual basis. The pressure on the net interest margin is possible in Q3. Light pressure is also possible in asset quality. Staces in MFI were estimated to increase the slipage. While the performance of the structured portfolio will be monitored.
In the third quarter, the company may come into losses. A profit of Rs 810 crore is estimated at Rs 1220 crore against a loss. However, good growth in income is possible on an annual basis. At the same time, a 14 percent jump in margin is possible. Revenue saw an 8 per cent gain on an annual basis. Last year, due to bad weather, there was a low base due to which the company’s results may be better. DAP decreased in the domestic market. The better Rabi season is estimated.
There will be a focus on the prices of raw materials, debt levels and capex plan. Global demand supply will be monitored.
Oil Realization may increase by 2% on an annual basis. Oil volume flat and gas cells are possible to fall 7%. VAP cells may increase by 18% on an annual basis. The KG basin is concerned with delay in peak production and reduction in oil prices. Gas production ramp-up will be monitored. The company’s profits may rise by 2 per cent to Rs 9759 crore on a standalone basis. At the same time, a fall of 7.28 percent in revenue is possible.
According to the CNBC-TV18 poll, Q3 is estimated to have a Conso Mid-TEEN income growth. Domestic volume growth is expected to improve. Kopra, vegetable oil inflation is possible to affect the gross margin. Operating profit growth is possible on a quarterly basis. In the third quarter, the company’s profit may rise by 3.5 per cent to Rs 400 crore and the revenue can rise by 13.5 per cent.