Q4 results today: Maruti Suzuki, RIL among 37 companies to announce earnings on Friday

Apart from the above DCB Bank, DMR Hydro Engineering and Infrastructures, Force Motors, Hindustan Zinc among others will also declare their results.

RIL Q4 expectations

Oil-to-telecom conglomerate Reliance Industries will likely return to old ways of declining profit in the quarter ended March 2025. The company reported three consecutive drop in profits before posting a growth in the recent third quarter.According to an average estimate of six brokerages, net profit for the fourth quarter is likely to fall 5% year-on-year (YoY), while revenue from operations is seen rising 4% over the previous year period.

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RIL’s consolidated EBITDA is estimated to grow anywhere between 1-3%, mainly driven by a telecom tariff hike and improving retail business. Analysts expect weak numbers for the oil-to-chemicals (O2C) business.

In the reporting period, Reliance is likely to see a sharp increase in its retail segment’s earnings. Retail EBITDA is expected to report healthy growth of 11% YoY and on higher area, better margins and realizations.

Meanwhile, the Jio business is also healthy with operating profit likely rising 16% YoY on higher ARPU post tariff hike and 1% YoY rise in subscribers.

Maruti Q4 expectations

India’s largest passenger car maker Maruti Suzuki India (MSIL) is expected to report a Q4FY25 revenue growth in a wide range between 4% and 10% according to estimates by five brokerages.

While most brokerages see the revenue uptick on account of volume growth and price hikes, the profitability is expected to take a hit amid cost related headwinds.

The top line is expected to be in the range of Rs 39,820 crore to Rs 42,117 crore with Motilal Oswal Financial Services (MOFSL) taking the most conservative view while Yes Securities remaining most bullish in the pack.

Estimates by Nomura, Axis Securities and Anand Rathi have also been taken into account.

Brokerages remain divided on the net profit front. While Nomura and Yes expect the MSIL to report a 2-5% growth in the profit after tax (PAT) in the January-March quarter, Axis and Anand Rathi see a marginal decline in the company’s net income in the quarter under revenue. MOFSL, on the other hand, is pegging a 9.6% fall.

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