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Informist, Tuesday, Apr. 14, 2026

 

By Anand JC

 

MUMBAI – A rise in input costs due to the war in the Persian Gulf is expected to have limited the year-on-year profit growth of Nifty 200 companies for the March quarter, despite their revenues potentially climbing to multi-quarter highs. While the conflict did not make much of an impact on the performance of sectors such as automobiles, information technology, and metals and mining, pain is likely to be seen in sectors such as oil and gas, according to analysts.

 

For the March quarter, the cumulative net profit of 188 of the Nifty 200 constituent companies for which earnings estimates are available is expected to grow 6% on year but remain flat on quarter, according to an Informist poll of 19 brokerages. The cumulative net profit of all Nifty 200 companies had grown 21.4% on year in the year-ago quarter and 4.90% on year in the December quarter.

 

The bottom line figures are not strictly comparable on year because only 171 of these 188 companies were part of the Nifty 200 index a year ago. The analysis excludes Tata Consultancy Services Ltd., as it has already disclosed its March quarter earnings.

 

The cumulative bottom line of companies that are part of 11 sectors within the 22-sector Nifty 200 universe is expected to outperform the wider index for the March quarter. These are capital goods, chemicals, construction, financial services, information technology, jewellery, metals and mining, real estate, retail, services, and telecommunication. Of the remaining 11 sectors that may underperform the wider index, the net profit of five – automobiles, cement, oil and gas, pharmaceuticals, and power - is expected to contract on year. The airports sector is expected to report a loss. 

 

"The lower growth in 4Q (Jan-Mar) is clearly attributable to the impact of higher crude oil and gas prices flowing through various energy and crude derivative-consuming sectors," Motilal Oswal Financial Services Ltd. said in a note. "This is also reflected in our earnings revisions, as the trend of positive earnings revisions over the past two quarters reversed in Mar'26."

 

The collective top line of the 188 Nifty 200 companies for which earnings estimates are available is expected to have grown 14% on year and 10% on quarter. The cumulative revenue from operations of all Nifty 200 companies had grown roughly 10% on year in the year-ago quarter as well as in the December quarter.

 

The revenue of companies that are a part of only eight sectors – automobiles, finance, jewellery, oil and gas, ports, real estate, retail, and services – is expected to have grown faster than the top line of the wider index. While the revenue growth of companies in the remaining 14 sectors is expected to lag the Nifty 200 companies, the top line of construction companies is likely to contract year-on-year.

 

Companies that are part of eight sectors – airports, banks, cement, durables, defence, FMCG, pharmaceuticals, and power – are expected to collectively lag the Nifty 200 index on revenue and profit performance.

 

The Nifty 200 index is expected to marginally outperform the benchmark Nifty 50. The cumulative bottom line of 49 of the Nifty 50 companies for which earnings estimates are available is expected to rise 3.2% on year, according to an Informist poll. Their cumulative revenue is projected to have grown 12% on year. "We observe a clear bifurcation in growth rates across market caps. While large-caps remain in a 'steady-state' zone with growth pegged at 10–11?ross key metrics, the broader market is where the momentum lies," YES Securities said in a note.

 

SECTORAL PERFORMANCE

Banks are expected to remain the biggest contributors to the Nifty 200's total net profit, though they are projected to underperform the index on revenue and profit growth. Of the 16 banks that are part of the Nifty 200, 15 are expected to report 5% on-year growth in bottom line and 7% growth in top line. Estimates for Bank of India were not available.

 

Despite the underperformance vis-a-vis the broader index, analysts expect banks to report a largely steady March quarter. "We expect a healthy operating performance for the banking and NBFC (non-banking finance company) sector in Q4FY26E, with system credit growth sustaining at (about)12–13% YoY, supported by continued momentum in retail, housing and NBFC lending," IDBI Capital said in a report.

 

Unlike banks, financial services companies are expected to outperform the Nifty 200 companies on revenue and profit growth. Of the 29 financial services companies that are part of the wider index, the net profit and revenue of 22 are projected to rise 16% on year. Estimates for Bajaj Holdings & Investment Ltd., Housing & Urban Development Corp. Ltd., Indian Railway Finance Corp. Ltd., Indian Renewable Energy Development Agency Ltd., Life Insurance Corp. of India Ltd., Max Financial Services Ltd., and Motilal Oswal Financial Services Ltd. were not available.

 

The momentum of disbursements by vehicle financing companies and affordable housing finance companies remained healthy in the reporting quarter. Gold financiers are expected to report a strong quarter as gold prices were high for most of the reporting period.

 

Oil and gas companies are expected to have performed better than the Nifty 200 companies collectively only on revenue growth. Of the nine oil and gas firms that are part of the Nifty 200, eight are expected to report top line growth of 15% on year but a fall of 5% in net profit. Estimates for Adani Total Gas Ltd. were not available. Upstream oil firms such as Oil and Natural Gas Corp. Ltd. are expected to have gained on higher crude oil price realisation. On the other hand, oil marketing companies could report a weak quarter because of higher crude oil prices, a weaker rupee, and higher under-recoveries of liquefied petroleum gas.

 

Companies that are part of the automobile sector were among the better performers in the March quarter. The 15 automobile companies that are included in the Nifty 200 are expected to report top line growth of 18% on year but a bottom line decline of 3% on year. Analysts expect Tata Motors Passenger Vehicles Ltd. to continue to be the biggest laggard despite the company being slated to report a profit for the first time in three quarters. Its top line is expected to fall over 50% on year.

 

To enable a like-for-like comparison, the net profit and revenue of Tata Motors Passenger Vehicles for the year-ago quarter were calculated by adding the profit and revenue of Jaguar Land Rover and Tata Motors's passenger vehicle segments in the comparable quarters. Tata Motors PV was demerged from Tata Motors last year and started reporting its earnings separately from the September quarter. Excluding the Sierra-maker, the 14 companies from the automobile sector are projected to report cumulative top line growth of 20% on year and a bottom line growth of 16% on year. Commentary by the managements of these companies on margin performance will be key, given that the entire raw material basket saw a spike in the March quarter.

 

Companies that are part of the capital goods sector are expected to outperform the Nifty 200 on profit growth but underperform the index on revenue growth. The 16 capital goods companies in the Nifty 200 are expected to report profit growth of 15% on year and revenue growth of 13% on year. Analysts expect healthy order execution momentum across transmission and distribution companies, even as they warn of potential disruption of their international operations because of the war in West Asia. The defence segment is expected to see softness due to supply chain disruptions, even as its order visibility remains strong.

 

Information technology companies included in the Nifty 200 largely saw a stable demand environment despite the war. "Discretionary spending remains elusive, with only selective strength in BFSI (banking, financial services, and insurance), while tech budgets are largely unchanged but spending continues to be deferred amid uncertainty," YES Securities said. The 13 information technology companies in the index are expected to report profit growth of 11% on year – better than the index – and revenue growth of 12% – poorer than the index. Analysts warned of order execution-led delays in select vendor consolidation deals despite revenue conversion remaining largely on track.

 

Following are the March quarter consensus earnings estimates of companies that constitute the National Stock Exchange's Nifty 200 index. The estimates are based on reports compiled by Informist Media from 19 brokerages. 

 

Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
AIRPORTS & AVIATION
GMR Airports +	41,897	3,656	46.32	N.A.	4.90	19.89	17,317	--	1
Interglobe Aviation	2,27,620	(24,480)	2.75	N.A.	(3.02)	N.A.	27,679	--	3
Total	2,69,517	(20,824)	7.74	N.A.	(1.87)	N.A.
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
AUTO & AUTO-ANCILLARY
Ashok Leyland	1,41,457	14,073	18.80	11.73	22.64	27.41	20,308	--	9
Bajaj Auto	1,57,976	26,365	30.04	28.65	3.79	2.82	32,420	--	10
Bharat Forge	32,154	3,664	48.65	0.13	54.32	8.79	6,979	--	5
Bosch	53,756	6,201	9.47	11.99	10.03	12.19	7,103	May. 20	1
Eicher Motors +	59,509	14,519	13.54	6.59	(2.67)	(1.64)	14,869	--	10
Exide Industries	43,995	2,914	5.77	14.45	9.18	9.24	5,114	May. 4	6
Hero MotoCorp	1,24,844	13,984	25.61	29.37	1.27	(4.71)	18,058	--	9
Hyundai Motor India +	1,92,214	12,072	7.14	(25.22)	6.94	(2.20)	20,535	--	8
M&M	3,83,478	34,898	21.32	43.19	(1.52)	(13.39)	54,735	May. 5	10
Maruti Suzuki	5,16,226	40,957	26.92	10.36	3.47	(6.66)	61,274	--	10
MRF	80,999	7,157	16.65	43.76	2.09	(5.37)	13,544	--	3
Samvardhana Motherson International +	3,28,708	12,007	12.12	14.29	4.65	12.19	32,312	--	7
Sona Blw Precision Forgings +	12,174	1,788	40.19	7.26	0.74	(6.35)	3,012	--	7
Tata Motors PV +	11,01,385	37,355	12.96	(48.12)	57.10	N.A.	97,630	--	7
TVS Motor Co	1,25,189	9,939	31.08	16.63	0.34	1.23	16,062	--	9
Total	33,54,062	2,37,891	17.74	(2.73)	17.22	28.38
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
BANK
AU Small Finance Bank*	25,171	7,488	20.21	48.67	7.51	8.93	N.A.	--	8
AXIS Bank*	1,46,694	69,073	6.22	(2.95)	2.68	(0.24)	N.A.	--	8
Bank of Baroda*	1,20,634	48,114	4.95	(4.68)	2.23	(4.81)	N.A.	--	7
Bank of India*	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Canara Bank*	94,464	43,148	0.05	(13.75)	2.10	(16.30)	N.A.	--	3
Federal Bank*	31,418	12,561	32.15	21.92	18.44	20.39	N.A.	Apr. 29	8
HDFC Bank*	3,36,047	1,89,562	4.80	7.61	3.03	(2.56)	N.A.	Apr. 18	8
ICICI Bank*	2,25,955	1,29,437	6.62	2.49	3.02	12.92	N.A.	Apr. 18	7
IDFC First Bank*	57,534	1,960	17.25	(35.56)	4.75	(65.50)	N.A.	Apr. 25	6
Indian Bank*	70,847	31,436	10.88	6.34	2.74	2.68	N.A.	--	3
IndusInd Bank*	44,438	3,406	45.78	N.A.	(2.58)	(12.70)	N.A.	Apr. 24	8
Kotak Mahindra*	77,814	36,832	6.84	3.70	2.87	3.99	N.A.	--	7
Punjab National Bank*	1,08,094	48,949	0.49	7.18	2.63	(4.02)	N.A.	--	5
SBI*	4,64,901	1,91,446	8.69	2.69	2.88	(8.96)	N.A.	--	7
Union Bank of India*	95,238	44,569	0.10	(10.59)	2.10	(11.16)	N.A.	--	2
YES Bank*	25,165	8,971	10.55	21.53	2.06	(18.94)	N.A.	Apr. 18	4
Total	19,24,413	8,66,950	7.25	5.14	2.96	(3.24)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
CAPITAL GOODS
ABB India	34,574	6,780	9.43	43.00	(2.80)	43.00	5,464	May. 8	5
APL Apollo Tubes +	63,892	3,523	15.99	20.19	9.87	13.63	6,382	--	4
Astral +	21,641	2,500	28.71	39.42	40.39	101.27	4,071	--	7
BHEL	85,110	7,671	(5.36)	52.19	0.45	100.56	11,459	--	4
CG Power and Industrial Solutions +	34,028	3,331	23.61	22.46	7.16	3.95	4,366	--	2
Container Corp.	23,205	3,191	1.71	5.62	0.81	(3.03)	4,843	--	3
Cummins India	28,689	5,704	16.77	9.41	(6.09)	(1.59)	5,931	May. 27	5
L&T +	8,26,565	56,599	11.11	12.69	15.68	24.15	89,853	--	5
Polycab India +	81,934	7,061	17.29	(2.83)	7.30	10.02	10,669	--	8
Premier Energies +	21,861	3,889	34.87	39.99	12.89	(0.72)	6,201	--	4
Rail Vikas Nigam	66,586	4,079	4.94	9.26	47.84	54.37	3,995	--	1
Siemens +	44,392	4,194	4.23	2.94	15.88	22.41	5,178	--	6
Siemens Energy India	22,654	3,770	20.53	53.17	18.55	3.33	5,129	--	2
Supreme Industries +	36,995	4,189	22.21	42.51	37.69	148.24	6,319	--	7
Tube Investments of India	22,060	3,080	12.71	(62.86)	2.50	50.99	2,880	--	1
Waaree Energies +	74,364	10,960	85.73	75.94	(1.70)	(19.67)	16,890	--	5
Total	14,88,548	1,30,520	13.37	15.04	13.12	20.62
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
CEMENT
ACC +	68,525	4,492	12.07	(27.12)	5.70	20.77	8,305	--	10
Ambuja Cements +	1,10,849	5,246	11.06	(36.15)	7.86	139.62	17,574	--	10
Shree Cement	54,833	5,259	(11.06)	(5.42)	24.16	57.16	12,114	May. 6	11
UltraTech Cement +	2,60,958	28,158	13.15	13.02	19.54	55.17	52,540	Apr. 27	11
Total	4,95,165	43,154	9.25	(3.79)	15.14	57.49
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
CHEMICAL
Asian Paints +	87,642	10,431	4.85	19.20	(1.16)	(14.32)	15,809	--	9
Coromandel International +	61,445	3,022	23.18	29.73	(30.01)	(40.27)	5,356	--	2
Grasim Industries	1,06,157	(1,418)	18.93	N.A.	1.76	N.A.	4,521	--	4
PI Industries	15,994	2,709	(2.96)	(29.79)	25.97	(10.37)	3,825	--	3
Pidilite Industries +	34,610	5,177	10.18	15.74	(6.71)	(17.01)	7,278	--	5
SRF +	41,405	5,180	(4.01)	(1.54)	11.53	2.39	9,082	--	5
UPL +	1,66,314	12,786	6.80	9.19	35.56	182.87	34,018	--	3
Total	5,13,567	37,885	9.39	9.37	4.73	8.85
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
CONSTRUCTION
IRB Infrastructure Developers +	20,381	2,487	(5.17)	15.80	8.92	(1.89)	11,025	--	2
Total	20,381	2,487	(5.17)	15.80	8.92	(1.89)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
DURABLES
Blue Star +	43,406	1,857	8.00	(4.08)	48.38	35.57	3,089	May. 6	5
Dixon Technologies (India) +	1,04,669	1,707	1.69	13.44	(1.92)	(40.59)	3,862	--	8
Havells India	71,078	4,594	8.81	(12.04)	27.53	32.62	6,778	Apr. 22	10
Hitachi Energy India	24,066	3,134	27.76	70.43	15.58	9.71	3,998	--	3
KEI Industries	34,264	2,361	17.55	4.19	15.96	(6.67)	3,336	--	4
Voltas +	49,811	2,289	4.48	(5.02)	62.21	105.43	3,289	--	10
Total	3,27,294	15,942	7.63	5.03	19.98	12.21
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
DEFENCE
Bharat Dynamics	19,382	3,478	9.07	27.49	242.05	349.31	3,951	--	4
Bharat Electronics	97,341	21,092	6.74	0.21	36.68	31.28	27,516	--	7
Cochin Shipyard	15,535	2,381	(5.91)	(16.37)	33.31	72.93	2,848	--	1
Hindustan Aeronautics	1,31,536	34,564	(3.99)	(12.68)	70.85	86.66	46,143	--	5
Mazagon Dock Shipbuilders +	32,379	7,580	2.00	133.02	(10.09)	(13.84)	6,752	--	1
Solar Industries India +	29,030	5,167	33.99	60.36	13.92	14.87	7,667	--	3
Total	3,25,203	74,262	2.95	2.18	43.25	48.43
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
FINANCE
360 ONE WAM +	7,669	2,904	17.62	16.33	(4.85)	(11.28)	N.A.	Apr. 21	3
Aditya Birla Capital *+	20,401	8,045	7.61	(9.16)	(11.50)	(20.55)	N.A.	--	3
Bajaj Finance *+	1,22,388	55,517	24.79	23.93	8.14	30.84	N.A.	Apr. 29	8
Bajaj Finserv + @	4,39,193	27,371	20.01	13.26	10.61	4.92	N.A.	Apr. 30	1
Bajaj Holdings & Investment *+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	May. 7	--
Bajaj Housing Finance *	9,969	6,912	21.16	17.81	3.43	1.94	N.A.	Apr. 27	4
BSE +	15,550	7,787	69.58	57.70	17.10	24.48	N.A.	--	2
Cholamandalam Investment and Finance *	39,153	15,208	28.13	20.06	9.34	13.74	N.A.	Apr. 30	9
HDFC Asset Management Co.	10,490	6,325	16.40	(0.98)	(2.35)	(17.87)	N.A.	Apr. 16	5
HDFC Life Insurance Co. >	2,66,700	4,800	10.98	0.73	41.84	(8.88)	N.A.	Apr. 16	1
Housing & Urban Development Corp. *	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
ICICI Lombard General Insurance Co. #	60,577	6,388	15.92	25.35	6.55	(10.27)	N.A.	Apr. 15	4
Indian Railway Finance Corp. *	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Indian Renewable Energy Development Agency *	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Jio Financial Services *+	4,323	4,123	61.25	30.43	48.17	52.18	N.A.	--	1
L&T Finance *+	25,813	7,888	20.06	23.99	1.74	2.83	N.A.	--	6
LIC Housing Finance*	21,952	14,009	1.33	2.40	4.45	1.22	N.A.	--	7
Life Insurance Corp. of India #	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
M&M Financial Services*	24,010	8,668	24.56	53.91	4.19	(6.58)	N.A.	--	9
Max Financial Services *+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	May. 12	--
Motilal Oswal Financial Services *+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Muthoot Finance *	49,526	27,839	70.55	84.63	10.87	2.94	N.A.	--	4
One 97 Communications +	22,680	2,156	18.65	N.A.	3.37	(9.04)	1,387	--	3
PB Fintech +	19,120	2,350	26.80	37.70	7.95	24.06	2,298	--	4
Power Finance Corp.*	56,997	50,732	(3.57)	(0.70)	1.66	6.51	N.A.	--	2
REC*	52,398	41,452	(15.01)	(2.15)	(0.68)	2.53	N.A.	--	2
SBI Cards and Payment Services *	16,877	5,635	4.19	5.49	(3.63)	(0.90)	N.A.	--	2
SBI Life Insurance Co. >	2,69,000	7,900	12.08	(2.89)	(11.66)	10.92	N.A.	--	1
Shriram Finance*	69,073	27,100	24.11	26.67	5.07	(0.32)	N.A.	--	9
Total	16,23,859	3,41,105	15.99	16.10	7.61	6.17
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
FMCG
Britannia Industries +	48,869	6,724	10.26	20.08	(1.67)	(7.70)	9,524	--	10
Colgate Palmolive	15,333	3,553	4.84	0.07	3.18	6.93	4,922	--	10
Dabur India +	29,762	3,485	5.16	8.86	(16.37)	(39.40)	4,561	May. 7	10
Godfrey Phillips India	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Godrej Consumer +	39,115	5,728	8.72	29.23	(4.58)	(2.73)	8,482	May. 6	8
Hindustan Unilever	1,61,445	26,148	6.12	3.92	2.15	(7.11)	37,403	Apr. 30	10
ITC	1,82,610	44,211	5.87	(9.31)	1.35	(17.56)	60,609	--	10
Marico +	33,165	3,876	21.48	12.99	(6.23)	(13.30)	5,315	--	10
Nestle India	62,717	9,785	13.95	10.52	10.67	13.64	15,060	Apr. 21	10
Patanjali Foods	1,05,221	3,408	8.56	(4.95)	0.37	(45.38)	5,051	--	1
Tata Consumer Products +	52,718	4,066	14.40	35.75	3.13	(0.21)	7,518	--	9
United Spirits	30,800	4,299	4.55	(4.67)	(16.37)	(20.23)	5,518	--	8
Varun Beverages +	59,742	7,500	7.32	3.24	42.09	197.89	13,223	--	5
Total	8,21,495	1,22,783	8.33	1.20	1.89	(9.27)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
IT
Coforge +	44,555	4,385	30.66	68.78	6.38	10.23	8,477	May. 5	15
HCL Tech +	3,44,243	47,229	13.81	9.66	1.63	(6.14)	70,687	Apr. 21	18
Infosys +	4,65,795	75,555	13.82	7.43	2.42	(4.88)	1,09,895	Apr. 23	18
KPIT Technologies +	16,933	1,961	10.79	(19.87)	4.69	1.60	3,501	--	10
LTIMindtree +	1,12,306	14,138	14.93	25.28	4.17	(9.43)	20,155	Apr. 23	17
Mphasis +	42,281	5,033	13.96	12.72	5.63	5.36	8,031	Apr. 29	16
Oracle Financial Services Software +	20,380	7,010	18.74	8.87	3.67	6.31	N.A.	--	1
Persistent Systems +	40,024	5,228	23.45	32.09	5.93	(1.08)	7,744	Apr. 21	16
Tata Elxsi	9,933	1,852	9.35	7.41	4.18	(9.47)	2,268	--	8
Tata Technologies +	15,262	1,880	18.71	(0.46)	11.75	10.26	2,537	--	8
Tech Mahindra +	1,48,123	14,983	10.67	28.42	2.91	7.45	25,164	Apr. 22	18
Wipro +	2,45,262	35,113	8.98	(1.63)	4.12	2.62	49,477	Apr. 16	18
Total	15,05,096	2,14,366	13.48	9.61	3.12	(2.49)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
JEWELLERY
Kalyan Jewellers India+	92,678	3,738	49.93	99.22	(10.40)	(18.36)	6,431	--	2
Titan Co.	2,00,805	12,934	49.00	48.67	(10.84)	(19.56)	20,958	--	6
Total	2,93,483	16,672	49.29	57.64	(10.70)	(19.30)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
METAL & MINING
Hindalco Industries +	6,95,307	46,491	7.15	(11.90)	4.52	(1.46)	84,171	May. 22	7
Hindustan Zinc	1,19,042	43,105	31.67	44.84	8.99	11.84	67,911	--	3
Jindal Steel +	1,48,376	8,597	12.55	(3.41)	13.90	250.91	22,941	--	7
JSW Steel +	4,97,477	24,775	11.00	60.15	8.17	(7.14)	81,622	May. 14	9
National Aluminium Co.	49,877	17,922	(5.32)	(13.77)	5.43	11.94	24,326	--	4
NMDC	91,941	21,201	32.23	41.69	22.82	21.97	26,667	--	6
Steel Authority of India	3,08,595	15,412	5.26	27.65	12.74	248.93	34,649	--	8
Tata Steel +	6,17,410	29,544	9.82	74.88	8.31	4.45	94,287	--	9
Vedanta +	4,95,268	85,190	22.42	144.59	111.93	41.96	1,76,288	--	4
Total	30,23,294	2,92,239	11.91	41.56	17.90	21.28
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
OIL & GAS
Adani Total Gas+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Apr. 27	--
BPCL	13,58,042	43,272	22.15	(13.25)	14.12	(42.65)	75,608	--	9
GAIL	3,31,141	11,631	(7.21)	(43.24)	(2.75)	(27.43)	22,367	--	11
Hindustan Petroleum	13,13,242	17,014	19.94	(49.29)	14.14	(58.22)	40,081	--	8
Indian Oil Corp.	24,66,111	69,167	26.49	(4.78)	20.64	(42.96)	1,43,404	--	9
Indraprastha Gas	39,516	2,903	0.11	(16.88)	(2.84)	(24.96)	4,079	--	11
Oil India	60,723	12,929	10.03	(18.76)	23.52	59.95	20,687	--	7
ONGC	3,58,542	86,788	2.49	34.59	13.66	3.67	1,91,149	--	7
Reliance Ind +	28,13,186	1,89,359	7.62	(2.43)	6.20	1.56	4,56,637	--	9
Total	87,40,502	4,33,063	15.44	(4.72)	12.35	(19.14)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
PHARMA, HEALTHCARE
Alkem Laboratories +	35,153	3,868	11.82	26.47	(5.93)	(43.84)	4,800	--	3
Apollo Hospitals +	64,606	4,717	15.53	21.07	(0.26)	(9.55)	9,396	--	6
Aurobindo Pharma +	87,371	9,844	4.24	8.96	1.06	0.90	17,972	--	7
Biocon +	44,930	1,837	1.72	(43.33)	7.67	(57.99)	9,225	--	5
Cipla +	66,701	7,360	(0.89)	(39.76)	(5.72)	(22.67)	10,418	May. 13	6
Divi's Laboratories	28,751	7,132	13.37	6.92	11.53	6.13	9,844	--	6
Dr. Reddy's Lab +	82,573	9,265	(3.18)	(41.85)	(5.67)	(30.18)	15,362	May. 12	7
Fortis Healthcare +	23,171	2,329	15.44	(1.92)	2.30	(2.81)	5,175	--	4
Glenmark Pharmaceuticals +	37,640	4,789	15.59	26.87	(3.50)	(18.49)	7,610	--	2
Lupin +	70,029	12,405	23.57	60.58	(2.30)	(22.57)	19,300	--	7
Mankind Pharma +	34,122	4,015	10.81	(4.57)	(4.35)	(22.08)	7,954	--	3
Max Healthcare Institute +	26,189	4,168	37.13	30.66	26.67	19.37	6,798	--	6
Sun Pharma +	1,46,132	28,993	12.77	15.25	(5.85)	(24.86)	40,264	--	7
Torrent Pharma +	39,284	5,829	32.76	11.67	18.93	(9.62)	12,404	--	7
Zydus Lifesciences +	67,951	10,106	4.09	(27.32)	(1.01)	(10.33)	16,916	--	5
Total	8,54,602	1,16,657	10.00	(2.46)	(0.74)	(19.53)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
PORT
Adani Ports and SEZ +	96,734	32,022	13.96	5.38	(0.32)	0.08	56,392	--	4
Total	96,734	32,022	13.96	5.38	(0.32)	0.08
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
POWER
Adani Energy Solutions +	69,181	6,214	8.53	(3.98)	2.80	(3.70)	23,918	Apr. 23	2
Adani Enterprises +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Adani Green Energy +	31,909	2,836	3.84	(28.40)	21.88	N.A.	27,904	Apr. 24	2
Adani Power +	1,43,099	22,784	0.51	(13.60)	14.93	(10.17)	43,018	Apr. 29	1
Coal India +	3,83,893	91,314	1.49	(4.92)	9.92	27.58	1,19,920	--	7
JSW Energy +	48,762	685	52.89	(83.20)	19.46	(87.62)	22,337	--	3
NHPC	20,181	3,562	(1.96)	(60.16)	7.49	21.61	9,142	--	2
NTPC	4,59,681	55,817	4.70	(3.40)	13.10	11.93	1,28,737	--	5
NTPC Green Energy +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Power Grid	1,27,723	43,732	16.30	0.85	16.06	5.12	1,09,714	--	5
Suzlon Energy +	58,422	8,689	54.15	(26.50)	37.92	90.44	10,438	--	3
Tata Power +	1,70,028	8,461	(0.54)	(18.87)	21.90	(0.46)	33,902	--	5
Torrent Power +	68,104	6,049	5.48	(42.91)	0.48	(5.94)	14,202	--	1
Total	15,80,983	2,50,142	6.12	(10.62)	13.50	12.39
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
REAL ESTATE
DLF +	26,754	11,668	(14.46)	(9.00)	32.43	(7.65)	9,256	--	4
Godrej Properties +	32,868	6,131	54.91	60.51	559.51	183.54	4,624	--	4
Lodha Developers +	45,203	8,368	7.01	(9.21)	(3.26)	(12.55)	12,461	--	3
Oberoi Realty +	16,062	5,665	39.65	30.78	7.61	(12.26)	8,974	--	5
Phoenix Mills +	11,781	3,453	15.91	27.14	5.07	14.79	6,947	--	4
Prestige Estates +	31,538	3,413	106.35	1,265.00	(18.56)	53.30	10,587	--	4
Total	1,64,205	38,697	24.70	16.71	20.05	7.32
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
RETAIL
Avenue Supermarts	1,74,302	6,827	20.52	10.17	(1.04)	(26.04)	12,054	--	4
FSN E-Commerce Ventures +	26,153	629	26.85	209.91	(8.98)	(21.11)	2,070	--	4
Page Industries	12,011	1,731	9.39	5.56	(13.39)	(22.90)	2,516	--	4
Trent	49,049	3,769	19.45	7.72	(6.74)	(43.36)	8,324	--	3
Vishal Mega Mart +	30,321	1,848	19.00	60.54	(17.39)	(40.94)	4,431	--	3
Total	2,91,836	14,804	20.21	16.66	(5.26)	(32.88)
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
SERVICES
Eternal +	1,79,112	1,599	207.07	309.90	9.78	56.73	4,652	--	5
Indian Hotels Co. +	26,738	5,748	10.25	9.52	(5.92)	(8.43)	9,397	--	4
Info Edge India	7,712	2,686	12.23	8.54	0.86	(9.03)	3,036	--	4
IRCTC	13,808	3,628	8.85	16.17	(4.74)	(5.43)	4,580	--	2
ITC Hotels +	11,940	3,039	12.57	18.30	(2.98)	(4.77)	4,549	--	2
Jubilant Foodworks	17,166	461	8.15	(6.76)	(4.71)	(47.46)	3,314	--	5
Swiggy +	64,292	(9,431)	45.79	N.A.	4.57	N.A.	(7,269)	--	4
Total	3,20,765	7,730	85.72	121.53	4.99	1.65
Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
TELECOM
Bharti Airtel +	5,55,449	76,290	16.02	45.35	2.90	10.77	3,18,038	--	5
Bharti Hexacom	23,957	4,490	4.66	(4.15)	1.52	(7.01)	12,876	--	3
Indus Tower +	82,356	18,196	6.58	2.28	1.10	2.05	45,461	--	4
Tata Communications +	63,534	3,353	6.06	83.00	2.66	(24.16)	12,760	--	5
Vodafone Idea +	1,12,576	(56,701)	2.22	N.A.	(0.58)	N.A.	47,791	--	5
Total	8,37,873	45,627	11.87	789.06	2.18	41.21
Grand Total	2,88,72,877	33,14,174	13.80	5.34	10.50	0.02

 

EARNINGS DECLARED SO FAR
Company Name	Sales, INR million	Informist estimates, Sales, INR million	PAT, INR million	Informist estimates, PAT, INR million	EPS, INR	Result Date
TCS +	7,06,980	6,98,511	1,37,180	1,37,876	37.92	Apr. 9

 

Notes:

+ Consolidated Figure

* Net interest Income

Y-o-Y: Year-on-Year

# Net premium income

Q-o-Q: Quarter-on-Quarter

N.A.: Not Available

@ Operating profit

> Gross premium income

 

Estimates from:

Anand Rathi Share and Stock Brokers Ltd, Centrum Broking Ltd, Dolat Capital Market Pvt Ltd, Elara Securities (India) Pvt Ltd, Emkay Global Financial Services Ltd, Equirus Securities Pvt Ltd, HDFC Securities Ltd, ICICI Securities Ltd, IDBI Capital Market Services Ltd, Indsec Securities and Finance Ltd, JM Financial Institutional Securities Pvt Ltd, Kotak Securities Ltd, Motilal Oswal Financial Services Ltd, Nirmal Bang Equities Pvt Ltd, Nomura Equity Research, Nuvama Wealth Management Ltd, Prabhudas Lilladher Pvt Ltd, Systematix Shares and Stocks (India) Ltd and YES Securities (India) Ltd.

 

End

 

Data compiled by Shivaji Jagtap

Edited by Avishek Dutta

 

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