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Bharti Airtel Q1 result is scheduled to be released today, on August 5. Besides keeping an eye on Bharti Airtel’s share price, investors will also watch the Q1 results of other companies such as Marico, ONGC, Tata Chemicals, Paras Defence, Deepak Nitrite, Triveni Turbine, Honeywell Automation, Century Plyboards, and more.
Today, investors will keep a close eye on Bharti Airtel’s share price as the company reveals its Q1 results. Similarly, market participants will also be tracking the performance of ONGC, Tata Chemicals, Paras Defence, Deepak Nitrite, Triveni Turbine, Honeywell Automation, Century Plyboards, and Marico share prices as these companies announce their Q1 earnings today.
Analysts predict Bharti Airtel to report a revenue of around ₹38,488 crore for the quarter ending June 30, 2024. This figure represents a 2.6% increase compared to the same period last year. The net profit after tax (PAT) is estimated to be between ₹2,068 crore and ₹3,922 crore.
During the quarter, the telco faced challenges such as minimal growth in the DTH segment, flat average revenue per user (ARPU), and the depreciation of the Naira impacting the company's performance. The telecom sector is expected to see faster growth starting from Q2 FY25, driven by recent tariff hikes.
According to the report published by Zee Business Research, Marico is expected to report improved margins in the June quarter. The consolidated profit after tax (PAT) is expected to rise by 9% YoY to ₹466 crore, compared to ₹427 crore previously. Revenue is projected to increase by 8% to ₹2,684 crore from ₹2,477 crore in the same quarter last year.
The operating profit (EBITDA) is estimated to grow by 11% to ₹636 crore, with margins increasing to 24% from 23% in the same period last year. So far in 2024, Marico’s share has gained 22%. However, one day ahead of the results, the stock closed at ₹664, down 1.62% on NSE.
Here is a list of other major companies scheduled to release their Q1 results today.
Bharti Hexacom | |
Whether you're an investor tracking earnings or simply curious about corporate performance, stay in the loop with updates from the Indian companies set to release their quarterly results today.
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