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Business News/ Markets / Stock Markets/  Q4 results today: M&M, ONGC to Sun Pharma - these companies to announce earnings on May 26
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Q4 results today: M&M, ONGC to Sun Pharma - these companies to announce earnings on May 26

Nifty50 companies such as Mahindra & Mahindra, Oil and Natural Gas Corporation (ONGC), Sun Pharmaceutical Industries and Grasim Industries will release Q4FY23 results.

While so far the IT sector has disappointed with weak Q4FY23 earnings, results of banking, auto and consumer stocks have been strong.Premium
While so far the IT sector has disappointed with weak Q4FY23 earnings, results of banking, auto and consumer stocks have been strong.

The corporate earnings season for the quarter ending March 2023 is in its last phase. While so far the IT sector has disappointed with weak Q4FY23 earnings, results of banking, auto and consumer stocks have been strong.

On May 26, a slew of companies are slated to announce their Q4FY23 results. These include Nifty50 companies such as Mahindra & Mahindra, Oil and Natural Gas Corporation (ONGC), Sun Pharmaceutical Industries and Grasim Industries.

Among other companies that will announce their Q4 results today include Astra Microwave Products, BEML, BHEL, Chambal Fertilisers & Chemicals, City Union Bank, HUDCO, Indigo Paints, Karnataka Bank, Samvardhana Motherson International, Info Edge (India), Sunteck Realty and Wockhardt.

Avalon Technologies, Easy Trip Planners, Edelweiss Financial Services, Finolex Cables, MOIL, NCC, PNC Infratech, Inox Wind and Shree Renuka Sugars will also announce theri earnings for the quarter ended March 2023.

Also Read: Vodafone Idea Q4 Results: Cons net loss narrows to 6,418 crore, ARPU rises to 135; key highlights here

Mahindra & Mahindra: M&M is expected to report a healthy performance in Q4FY23 with standalone net profit seen at 1,751 crore. The company’s standalone EBITDA is expected at 2,757 crore with EBITDA margins at 12.4%. A sequential decline in margins is also a function of lower share of the high margin tractor business for the quarter, as per ICICI Direct.

ONGC: The company’s operating profit is expected to rise 2% QoQ to 20,760.1 crore. Its oil & gas production is expected to remain flat QoQ. Oil production is estimated at 5.46 MMT while gas production is expected at 5.38 BCM during the quarter. ICICI Direct expects oil realisations to be capped at$75-76/bbl on account of windfall tax. Domestic gas realisations are expected to remain unchanged QoQ at $8.57/mmbtu.

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Published: 26 May 2023, 07:27 AM IST
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