6 companies under the coverage of brokerage firms Motial Oswal, Kotak Institutional Equities and Nuvama are likely to report doubling of their sales on a year-on-year (YoY) basis in the earnings result of their fourth quarter.
Reports from brokerage firms state that automobiles and components, banks, diversified financials, gas utilities, pharmaceuticals are the sectors likely to expect a YoY increase in the net income while metals and mining and oil, gas and consumable fuels might witness a YoY decline.
Here are 6 companies that might post a net sales figure of over 100% in this quarter’s earnings:
Gland Pharma: The company is expected to post a net sales growth of 104% YoY with a sales of Rs 1,606 crore due to a revival in the core segment. Update on new approvals/launches and expansion plans in China and on complex approvals for the core markets has also been shared by the company.
Sunteck Realty: Sunteck is all set to show a massive jump of 1,126% YoY with its net sales expected to stand at Rs 599 crore. The company failed to open up any new inventory during the quarter; however, a pick-up in velocity at its existing projects should lead to a 14% QoQ jump in pre-sales.
BSE: BSE, in lending space, might be seen reporting a 129% YoY change in its net interest income (NII) at Rs 520 crore. Transaction revenue likely to improve as volumes in the cash segment improved in January and February 2024. The traction in the derivative segment is visible, which will in turn increase option volumes for BSE.
Cochin Shipyard: Kotak Institutional Equities foresees a 100% YoY revenue growth over a low base, but is still 4% lower compared to Q4FY22. Revenue growth is likely to be driven by the execution of IAC 1, ASW Corvette and NGMV projects to reach Rs 1152 crore (99.6% change YoY).
Sterling and Wilson: The company is reported to post a YoY change of 1,087% at Rs 88.4 crore backed by the expectation of gross profit turnaround momentum to continue in Q4FY24 on execution of new profitable orders together with high margin operation and maintenance contracts.
Brookfield REIT: On account of the progress of denotification of SEZ spaces, according to Nuvama, the company is expected to post a profit of Rs 302 crore, a YoY change of 123%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
