Hero MotoCorp Q4 Results Preview: Hero MotoCorp anticipates strong Q4 growth with a 14% revenue increase driven by higher volumes and ASPs. Profit is set to rise by 22% on the back of a 10% volume growth, while EBITDA margins are expected to improve by 123 bps.
Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.
According to an average estimate of four brokerages, revenue from operations in the January-March 2023 period is seen growing up to 18% year-on-year. Meanwhile, net profit after tax is likely to surge up to 54% YoY.
Regulations governing recycling and reuse of plastic packaging may hurt consumer plays such as Britannia Industries, Colgate Palmolive India and Nestle India while benefiting ITC, Ganesha Ecosphere, EPL, and Uflex, according to Kotak Institutional equities.
YES Bank has strengthened its balance sheet though profitability remains burdened by an unproductive bulky rural infrastructure development fund. Its loan growth was healthy at 5% QoQ but deposits growth was strong at 10%