NEW DELHI: More than 700 companies are set to declare their financial results this week for the quarter ended December 31.
Companies such as Affle India, Bayer Corp, Borosil, Godrej Properties, Hawkin Cookers, Hindustan Motors, MRPL, Shalby, Tata Chemicals and Ujjivan Financial Services will announce their Q3 results on Monday.Brokerage firm Nirmal Bang Securities sees just 1.10 per cent year-on-year growth in Tata Chemicals Q3 net profit.
It also projected 7.60 per cent and 22.50 per cent rise in revenue and Ebitda, respectively.On Tuesday, companies such as Avanti Feeds, Bajaj Electricals, Bharti Airtel, CSB Bank, Dhanlaxmi Bank, Gati, Jindal Saw, Liberty Shoes, OFSS, Punjab National Bank, Repro India, Tata Global, Titan, TVS Motor will release their quarterly numbers.Kotak Institutional Equities projected loss of Rs 780.80 crore for Bharti Airtel against a profit of Rs 86.20 crore last year.
On the other hand, Prabhudas Lilladher believes that PNB may post 162 per cent jump in PAT on 2.10 per cent increase in net interest income (NII).PNB similar to other corporate banks should see benefit from recovery from NCLT and slippages should be slightly lower as last quarter impact was from daily tagging of NPAs and hence credit cost will come off and see improvement in PCR, Prabhudas Lilladher said in a report.Adani Group firms, including Adani Enterprises and Adani Gas will report their Q3 numbers on Wednesday.
Moreover, Ajanta Pharma, Andhra Bank, Apollo Tyre, Berger Paints, Bosch, Brigade Enterprises, Cadila Healthcare, Divis Laboratories, DLF, Gujarat Gas, HPCL, Indiabulls Housing Finance, PNC Infratech, Matrimony, Quick Heal, Safari Industries, Sudarshan Chemical and Zuari will also announce their quarter results on Wednesday.Kotak Institutional Equities see 46.10 per cent rise in Berger Paints Q3 profit on 7 per cent increase in net sales.
An assessment by Kotak also projected Ebitda growth of 29.10 per cent for the paints major.Aarti Drugs, Adani Power, Daawat, Eicher Motors, Hero MotCorp, ICRA, IDFC, Lupin, Minda Industries, Mphasis, NMDC, Sun Pharma, Trent, UBL, United Bank, ACC, Britannia, India Cements, KEC, Kolte Patil, NHPC, NTPC, Tata Steel, UPL and Voltas will also post their results during the week.