Indian markets are likely to remain volatile on Wednesday, with investors closely tracking a packed earnings calendar and major corporate developments. Companies including Bharti Airtel, Hindustan Petroleum Corporation, LIC Housing Finance, Oil India, Tata Motors and TVS Motor Company are set to remain in focus ahead of their quarterly earnings announcements.
Key Companies Reporting Q4 Results
A long list of companies will announce their March quarter results today, including Cipla, DLF, Power Finance Corporation, Paras Defence and Space Technologies and Crompton Greaves Consumer Electricals among others.
Earnings Highlights
MTAR Technologies
MTAR Technologies posted a strong March quarter performance.
- Revenue jumped 67.2% YoY to Rs 306 crore
- EBITDA rose 81.1% to Rs 61.9 crore
- Net profit surged 223.3% to Rs 44.3 crore
Dr. Reddy’s Laboratories
Dr. Reddy’s Laboratories reported a weak quarter.
- Revenue declined 11.5% to Rs 7,546 crore
- EBITDA dropped 60.4%
- Net profit plunged 86.1% to Rs 221 crore
- North America sales fell sharply by 51%
The company also announced a final dividend of Rs 8 per share.
Nazara Technologies
Nazara Technologies saw profitability improve despite lower revenue.
- Revenue fell 23.5%
- EBITDA more than doubled
- Net profit rose nearly 196%
The company also redesignated Nitish Mittersain as Managing Director and CEO.
Pfizer India
Pfizer reported a mixed quarter.
- Revenue increased 6.3%
- Net profit declined nearly 40%
- Final dividend of Rs 75 per share declared
Major Stocks To Watch
Tata Capital
Tata Capital allotted two tranches of non-convertible debentures worth a combined Rs 1,270 crore through private placement.
Texmaco Rail
Texmaco Rail & Engineering secured a major Rs 4,045 crore order from Tsiko Africa Logistics involving freight wagons, locomotives and long-term maintenance.
Archean Chemical
Archean Chemical Industries signed an agreement for a semiconductor project in Odisha. The proposed facility, worth Rs 2,067 crore, aims to manufacture 60,000 wafers and 96 million devices annually.
RVNL
Rail Vikas Nigam emerged as the lowest bidder for a Rs 221 crore railway contract from South East Central Railway.
Tata Consumer
Tata Consumer Products fixed May 25 as the record date for its upcoming dividend payout.
Market Mood
Markets will also react to global cues, elevated crude oil prices and geopolitical tensions in the Middle East. Investors are expected to closely monitor earnings commentary for demand trends, margin outlook and sector-specific guidance.