Major Firms Announce Q4 Earnings
Reliance Industries (RIL) is projected to post sequential revenue growth of about 6.7%, reaching ₹2,82,748 crore. Net profit, however, is expected to fall by around 9% to ₹16,944 crore. This decline is linked to margin pressures in its oil-to-chemicals segment and a softer retail business, even with cost control measures.
Hindustan Zinc's Profit Outlook
Hindustan Zinc is forecast for a strong quarter, with standalone revenue expected to jump 34% year-on-year to ₹12,200 crore. The company's EBITDA is estimated at ₹6,900 crore, showing a solid 57% margin. Net profit is predicted to climb 48% to ₹4,400 crore, driven by favorable commodity prices and efficient operations.
Banking and Financial Services
IndusInd Bank is expected to report revenue of ₹6,386 crore and a net profit around ₹211 crore. L&T Finance is projected to post ₹3,074 crore in revenue with a net profit target of ₹912.63 crore. These numbers will shed light on the performance of India's banking and financial services sectors.
Broader Earnings Season
Lodha Developers is also set to announce its results today. Many other companies, such as Adani Green Energy, Can Fin Homes, and Chennai Petroleum Corporation, will report on Friday. Investors are keenly observing these announcements for indications of economic strength and industry-specific trends as the earnings season continues.
