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Q4 Results: 23 companies whose profit may more than double
Starting from the three big boys of Dalal Street - TCS, Infosys and HDFC Bank - the Q4 earnings season kicks off this week in which Nifty companies are likely to report double-digit profit growth. Consumer staples, IT services and pharma companies may report modest YoY growth in net income. We estimate consolidated EBITDA margin to improve by 50 bps QoQ to 8.3%, led by a sharp decline in energy prices, resulting in lower other expenses in 4QFY23," Kotak said. Motilal predicts that Oberoi Realty's profit will grow 986% YoY to Rs 2,520 crore on account of profit recognition at 360 West post the settlement with the JV partner. Three PSU banks that are likely to report more than 100% growth in profit are Bank of Baroda, Canara Bank and Punjab National Bank. These do not represent the views of Economic Times)(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Source -https://economictimes.indiatimes.com/markets/stocks/earnings/q4-results-23-companies-whose-profit-may-more-than-double/articleshow/99369253.cms
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