adani group stock: Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to report earnings

Adani Group will take control of the earnings today as the three companies in the conglomerate report their results for the quarter ending March 2024. Despite the market being closed, 18 companies are scheduled to release their fourth quarters on Wednesday.

Other companies to disclose their numbers include Bondada Engineering, Classic Filaments, Cigniti Technologies, Dhampur Sugar Mills, Greenpanel Industries, Mangalam Cement, Mena Mani Industries, MRP Agro, Netweb Technologies, Nalin Lease Finance, Orient Cement, PNB Gilts, SIS and others. there is. , Vardhman Special Steel and Zenotech Laboratories.

Here’s what you can expect from Ambuja Cements Q4:
Cement major Ambuja Cements is expected to see healthy growth in core revenue and up to 38% year-on-year growth in net profit. Meanwhile, net sales are expected to increase by up to 13% compared to the same period last year. Sales volume is expected to increase by 11% compared to the same period last year, while operating profit margin is expected to decrease by 1% compared to the same period last year and by 3% compared to the previous quarter. Consider price cuts during the quarter

“Variable cost per tonne is expected to decrease by 5% year-on-year and 7% quarter-on-quarter. Meanwhile, operating cost per tonne is expected to decrease by 2% year-on-year and 4% quarter-on-quarter. Motilal Oswal said that due to the increase in cash balance, He said that other income will increase by 7% compared to the previous year.

Meanwhile, Kotak is considering volumes of 9.3 million tonnes for the quarter, driven by strong growth in key markets and increased Sanghi production capacity.

Adani Wilmar Q4 expected
Analysts expect Adani Wilmar’s consolidated revenue to decline year-over-year, but operating profit to grow significantly.

Nuvama expects revenue to decline 5% year over year and EBITDA to increase 43% year over year.

“We expect the value of our edible oil business to decline by 9% year-on-year due to lower prices of edible oils due to lower raw material prices. Our food and FMCG business is expected to grow by 18% (with the help of Kohinoor). Industrial staples are expected to fluctuate from year to year. There may be none,” the brokerage firm said.