Leading companies including aviation giant IndiGo, conglomerate ITC, Fortis Healthcare, Finolex Cables, Rupa & Company are expected to announce their financial results for the quarter ended March 31 (Q4) of financial year 2023-24 (FY24) on Thursday. May 23.
At least 181 companies are expected to release their fourth-quarter earnings reports today, including Page Industries, Shilpa Medicare, Nucleus Software Exports, Schneider Electric Infrastructure and Suraj Products.
List of 181 companies reporting earnings on May 23
Saven Technologies, Abhijit Trading Company, Adline Chem Lab, Allied Digital Services, Ahasolar Technologies, Alankit, Alchemist Corporation, Alstone Textiles (India), Alufluoride, AMD Industries, Amerise Biosciences, Amraworld Agrico, Amrutanjan Health Care, Aravali Securities & Finance, Arex Industries, Aryan Stock and Stock Brokers, Asian Granito India, Asit C. Mehta Financial Services, Bajel Projects, Bannari Amman Sugars, Barbeque-Nation Hospitality, Bayer Cropscience, BCC Fuba India, Bhatia Color Chem, Bikaji Foods International, Brady & Morris Engineering Co, Bharat Road Network, Cello World, CESC, Chandrima Mercantiles, Concord Biotech, Coral Laboratories, Captain Technocast, Damodar Industries, Disa India, DMCC Specialty Chemicals, Emerald Finance, Esab India, Escorp Asset Management, Expleo Solutions, Faze Three, Future Consumer, Fedders Electric and Engineering, Finolex Cables, Future Market Networks, Fortis Healthcare, Gabriel India, Ganesha Ecosphere, GACM Technologies, GCM Commodity & Derivatives, GG Automotive Gears, GOCL Corporation, Aion-Tech Solutions, HB Estate Developers, HCKK Ventures, Hexa Tradex, Himatsingka Seide, Hindoostan Mills, Honasa Consumer, HS India, Hypersoft Technologies, ICRA, Igarashi Motors India, Indian Metals & Ferro Alloys, Inditrade Capital, InterGlobe Aviation, IMP Powers, Indo Tech Transformers, Indian Toners & Developers, Inter State Oil Carrier, ITC, IVP, Jay Shree Tea & Industries, Johnson Controls-Hitachi Air Conditioning India, Jigar Cables, JK Lakshmi Cement, JMJ Fintech, Kajal Synthetics & Silk Mills, Kakatiya Cement Sugar & Industries, Karan Woo-Sin, Kirloskar Electric Company, Khaitan Chemicals & Fertilizers, Kkalpana Industries (India), Koura Fine Diamond Jewelry, Kwality Pharmaceuticals, Ladderup Finance, Lakshmi Electrical Control Systems, Lorenzini Apparels, Lancor Holdings, Landmark Cars, Libord Securities, Lords Chloro Alkali, Lords Ishwar Hotels, Lucent Industries, Lakshmi Automatic Loom Works, Makers Laboratories, Meyer Apparel, Mangalore Chemicals & Fertilizers, Max Alert Systems, Mazda, Medi-Caps, Mercantile Ventures, Midwest Gold, Mukesh Babu Financial Services, Mukta Agriculture, Muthoot Capital Services, Mystic Electronics, NACL Industries, Narendra Properties, Natura Hue Chem, NG Industries, Niraj Cement Structurals, Nucleus Software Exports, OM Infra, Orchid Pharma, Organic Coatings, Oscar Global, Page Industries, Paos Industries, Paramount Cosmetics (India), PCBL, Prospect Commodities, PH Capital, Pioneer Agro Extracts, Poojawestern Metaliks, Praxis Home Retail, Precision Camshafts, Pritika Auto Industries, Puravankara, Radiant Cash Management Services, Raj Television Network, Restile Ceramics, RPSG Ventures, Rupa & Company, Sagar Systech, Sampann Utpadan India, Sandhar Technologies , Saregama India, Schneider Electric Infrastructure, Senco Gold, Sharda Motor Industries, Shilpa Medicare, Shreenath Investments, Shreyas Shipping & Logistics, Shri Dinesh Mills, Simran Farms, Singer India, Shree Krishna Infrastructure, Sungold Media and Entertainment, SML Isuzu, Shankar Lal Rampal Dye-Chem, SRG Housing Finance, SSPDL, Steel Strips Wheels, Subros, Suraj Products, Suryalata Spinning Mills, TajGVK Hotels & Resorts, Tata Investment Corporation, TD Power Systems, Techindia Nirman, Tega Industries, Trans India House Impex, Times Guaranty , Time Technoplast, Trejhara Solutions, Trescon, Trigyn Technologies, TT, UFO Moviez India, Uno Minda, Vaibhav Global, Veljan Denison, Voltaire Leasing & Finance, VTM, Xchanging Solutions, Yatharth Hospital & Trauma Care Services, Zaggle Prepaid Ocean Services, Arco Leasing and Kovalam Investment and trading.
On Wednesday, India’s largest domestic pharmaceutical company Sun Pharmaceutical Industries reported a remarkable 33.8 percent increase in consolidated net profit to Rs 2,654.58 crore for Q4FY24. Sun Pharma’s total operating revenue for the fourth quarter stood at Rs 11,982.9 crore, up 9.6 percent year-on-year (year-on-year) from Rs 10,930.67 crore. However, sales saw a marginal decline of 3.2 percent from Rs 12,380.7 crore reported in the third quarter.
Indian shares ended a range-high session on a positive note on Wednesday. The S&P BSE Sensex closed at 74,221, up 268 points or 0.36 percent. Similarly, the Nifty50 ended at 22,598, up 69 points or 0.31 percent.
Market heavyweights such as Hindustan Unilever Limited (HUL), Reliance Industries, Infosys, Asian Paints, ITC and Ultratech Cement strengthened the benchmarks, with their shares rising between 1 percent and 2.3 percent. Among sectors, the Nifty Realty and FMCG (Fast-Moving Consumer Goods) indices rose 1.4 percent each, while the Nifty Private Bank, Financial Services and Metal indices declined up to 0.6 percent .
At least 500 companies will publish their fourth-quarter earnings reports this week. This period is critical for domestic markets as these announcements are expected to significantly impact market movements.