hul q1 results: Q1 results today: HUL, Bajaj Finance among 34 companies to announce earnings on Tuesday

Apart from the above, companies like DCM Shriram, Gard Furnace, Icra, Infobeans Technologies, M&M Financial, Parag Milk Foods, Schaeffler India, Thyrocare Technologies will also declare their results.

HUL Q1 expectations

FMCG major Hindustan Unilever (HUL) is expected to report its June quarter net profit in the range of Rs 2,479-2,562 crore, according to estimates by four brokerages. The profit after tax (PAT) growth is seen in the range between -1% and 2.5% on a year-on-year basis.Meanwhile, revenue from operations in the reporting quarter is expected to be anywhere between Rs 14,925-15,451 crore. The estimates were taken from Kotak Institutional Equities, Prabhudas Lilladher, Axis Securities and Yes Securities.

Axis remains most conservative on the PAT figures, estimating a 1% decline to Rs 2,479 crore in the April-June quarter, while Prabhudas is the most bullish with an estimate of 2.5% uptick at Rs 2,562 crore.

As for as the company’s revenue is concerned, Prabhudas has the highest estimates while Axis has the lowest one. A flat to 2% YoY revenue uptick is seen in Q1.

Kotak expects EBITDA (earnings before interest, taxes, depreciation and amortisation) in the range of Rs 3,535 crore, up by 0.4% year-on-year and higher by 2.9% on a sequential basis.

The gross margins are estimated at 52% which could go up by 209 bps year-on-year and 13 bps on the quarter-on-quarter.

Bajaj Finance Q1 expectations

Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024.

Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year.

The company’s new loans booked during the first quarter grew by 10% in the first quarter, while the assets under management (AUM) jumped 30% year-on-year in the same period.

Key monitorables in the earnings card include commentary on sustenance of growth momentum and 2 progress on LRS.

In the preceding March quarter, Bajaj Finance reported a consolidated net profit of Rs 3,824 crore, which was up by 21% year-on-year and the net interest income increased 34% year-on-year to Rs 13,320 crore.