The company will announce its quarterly results on March 23.
Revenue for the reporting period is seen growing around 16% year-on-year (YoY), according to brokerage estimates .
"Yields however are expected to remain flat at Rs 5 as supply constraints persist (70+ aircrafts remain grounded).
The company will announce its quarterly results on May 23.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
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As many as 181 companies will announce their quarterly earnings for the January-March 2024 period on Thursday, with some important names like ITC Honasa , and Tata Investment in the mix.Other companies which will also announce their earnings include Bikaji Foods Concord Biotech , Fortis Healthcare, Icra, Uno Minda, Zaggle Prepaid and many more.India's leading airline IndiGo is likely to post healthy earnings for the fourth quarter ended March 2024. The company will announce its quarterly results on March 23. Revenue for the reporting period is seen growing around 16% year-on-year (YoY), according to brokerage estimates . Net profit, meanwhile, is likely to more than double compared with the previous year period, attributable to robust demand during the quarter.Analysts expect EBITDAR to grow 69% YOY to Rs 5,000 crore amid strong demand and the weakening of smaller airline players.In the preceding third quarter, IndiGo's profit zoomed 111% to Rs 2,998 crore, while revenue from operations increased 30% YoY to Rs 19,452 crore."Yields however are expected to remain flat at Rs 5 as supply constraints persist (70+ aircrafts remain grounded). However, we expect PLFs to remain high at 86% while PAX traffic will grow to 27.6 million," said Nuvama.Diversified conglomerate ITC is expected to see muted growth in revenue for the fourth quarter ended March 2024. The company will announce its quarterly results on May 23. Revenue growth for the reporting period is likely to average around 3-4% YoY, according to various brokerage estimates, while profit is likely to grow 3% YoY.Analysts expect cigarette business revenues to be marginally up, with volumes staying, while non-cigarette FMCG business is seen growing about 6-7% YOY.Hotels business will likely continue to do well and is expected to grow 15-16% YOY, aided by sustained strong demand. Agri sales might clock a dip YOY due to restrictions on exports of rice, and wheat.In the preceding December quarter, ITC reported a 6% growth in its consolidated net profit at Rs 5,335 crore and revenue from operations increased 2% YOY to Rs 19,484 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
