A number of major companies across sectors have already released their Q4 numbers and with this, the fiscal fourth quarter earnings season is now in full swing. IT services giants like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech, Tech Mahindra, banking majors like HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, and others including Reliance Industries Ltd (RIL), Nestle India, HUL, and others have announced their Q4 results during the month. This week, around 150 companies are scheduled to announce their Q4FY25 results. Key names in the list include TVS Motor Company, UltraTech Cement, Adani Total Gas, Ambuja Cements, Bharat Petroleum Corporation, Castrol India, Ceat, Bajaj Finance, Federal Bank,
Indian Oil Corporation, Vedanta, Marico, State Bank of India, Kotak Mahindra Bank, Avenue Supermarts, and many others.
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According to Axis Securities, Q4FY25 earnings would show a mixed trend, in line with the previous quarter. However it added, “Some breather is expected in Q4FY25 numbers, led by sequential improvement in some of the pockets of high-frequency indicators. However, the broader consumption demand could still take 1-2 quarters to get back on track. Overall, the improvement in earnings is expected in certain pockets like BFSI, IT, Healthcare, Telecom, and Industrials, while Consumer Staples, Retail, and cyclical sectors like Oil & Gas remain under pressure.”
The brokerage firm further maintained that macroeconomic risks such as trade policy uncertainty, the risk of a global market slowdown due to reciprocal tariffs, and recessionary concerns will continue to challenge market direction.
April 28
UltraTech Cement: The cement giant will release its Q4 results on April 28. Axis Securities said that UltraTech Cement is expected to grow on-year as demand improves and gain in market share. Revenue, the brokerage firm said, is expected to be higher on higher volume growth and gross margin is estimated to expand YoY driven by lower cost. PAT is projected to be higher owing to lower cost and higher realization QoQ.
TVS Motor Company: One of the largest 2-wheeler companies,
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