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Business News/ Markets / Stock Markets/  Q4 results today: LIC, Nykaa to Hindalco — these companies to announce earnings on Wednesday - May 24
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Q4 results today: LIC, Nykaa to Hindalco — these companies to announce earnings on Wednesday - May 24

Life Insurance Corporation of India (LIC), Hindalco Industries, Ashoka Buildcon, National Aluminium Company, FSN E-Commerce Ventures, among others will announce their quarterly earnings today.

The fourth quarter earnings season is in its last leg as most of the major companies have released their financial statements so far.Premium
The fourth quarter earnings season is in its last leg as most of the major companies have released their financial statements so far.

A slew of companies will announce their earnings for the quarter ended March 2023. The fourth quarter earnings season is in its last leg as most of the major companies have released their financial statements so far.

Life Insurance Corporation of India (LIC), Hindalco Industries, Ashoka Buildcon, National Aluminium Company, FSN E-Commerce Ventures, among others will announce their quarterly earnings today.

Also Read: Day trading guide for today: Seven buy or sell stocks for Wednesday- May 24

India Cements, Oil India, IRCON International, ICRA, Brigade Enterprises, Cummins India, Bayer Cropscience, The Phoenix Mills, 63 Moons Technologies, Fine Organic Industries, Gujarat Pipavav Port, Garden Reach Shipbuilders & Engineers, JB Chemicals & Pharmaceuticals, Trident, Titagarh Wagons, Wonderla Holidays, among others will also release their Q4FY23 results today.

Hindalco Industries: Hindalco’s Q4FY23 consolidated revenue is expected to grow around 4%, while net profit is expected to decline by over 56% on a year-on-year basis. Sequentially, net profit and revenue growth are likely to be 23% and 9%, respectively, as per ICICI Securities estimates. 

Expect sales volume to remain constrained at Novelis. At India operations, expect Al EBITDA to grow owing to lower thermal coal cost, ICICI Securities said.

Nykaa: The company is estimated to deliver a revenue growth of 31.3% YoY in Q4FY23. The cost control measures are likely to aid EBITDA margin expansion of 120 bps YoY (flat QoQ). EBITDA is expected to grow 73% YoY and PAT to grow 4% YoY, ICICI Securities said.

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Published: 24 May 2023, 08:03 AM IST
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