453 companies, including IRCTC and Aditya Birla Fashion, are poised to unveil Q4 results. Profits from most companies propel Nifty and Sensex to record levels. Market optimism prevails ahead of Lok Sabha elections.
As the Q4 earnings season approaches its conclusion, several companies, including IRCTC and Aditya Birla Fashion and Retail, are scheduled to report their March quarter results on Tuesday.
A total of 453 companies are slated to announce their quarterly results tomorrow. Among them are JSW Holdings, GIC, NBCC, R R Kabel, 3M India, Amara Raja Energy & Mobility, Aster DM Healthcare, Campus Activewear, Eureka Forbes, Hindware Home Innovation, Ramco Industries, Omaxe, EIH Ltd, Uflex, RITES Ltd, and Oriental Rail Infrastructure.
453 Companies Set to Announce Q4 Results Tomorrow
The Q4 season has seen remarkable profitability, contributing to Nifty and Sensex reaching new peaks. Nifty and Sensex hit record levels at Rs 23,110 and Rs 76,009, respectively, while Bank Nifty approaches its all-time high at Rs 49,974. Analysts express optimism for Indian markets pre-Lok Sabha elections, anticipating a significant sector-wide rally if BJP secures victory. Quarterly results announcements significantly influence companies’ share prices in both short and long terms.
IRCTC shares dropped by 5.2% to reach an intraday low of Rs 1,027.15 as the company’s Q4 FY24 net profit increased by 2% year-on-year to Rs 284 crore from Rs 278.32 crore. This rise in profit was driven by increased ticket sales.
The company’s revenue surged by 20% year-on-year to Rs 1,154.8 crore compared to Rs 965 crore in the same quarter of the previous year.
IRCTC’s operating margin increased by 3.4% year-on-year to Rs 402.96 crore, while the EBITDA margin decreased by 1.9 percentage points to 34.89% year-on-year. The decline in margin was attributed to higher contributions from other segments like catering and state teertha & tourism, which have lower margins compared to internet ticketing.
IRCTC stock has declined over 4% in the past five days, yet it has delivered a 54.6% return in the last six months, 67.73% over the past year, and surged more than 6.6 times in the last five years.
In comparison, the Nifty 50 benchmark index has increased by 1.25% in the past five days, offering a return of 14% in the last six months, raising investors’ wealth by 23% over the past year, and rising 91% in the last five years.
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