l&t q2 expectations: Q2 Results Tomorrow: What to expect from Bharti Airtel, L&T, Tata Consumer?

l&t q2 expectations: Q2 Results Tomorrow: What to expect from Bharti Airtel, L&T, Tata Consumer?

A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products.

Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson Sumi Wiring, and Ajanta Pharma, among others will also detail earnings on Tuesday.

Here’s a summary of analysts’ expectations from the earnings of some of the above-mentioned companies.

Bharti Airtel
Analysts expect the telecom operator to see a 2-4% sequential growth in the consolidated revenue for the September quarter, led by a 2-3% growth in India wireless business.

Kotak Institutional Equities expects ARPU or average revenue per user to improve by 2% sequentially to Rs 203, driven by continued improvement in subscriber mix and higher number of days in the last quarter.

The brokerage expects the country’s second largest operator to report net addition of 4 million subscribers, versus 3.2 million in the June quarter.

While Motilal Oswal Securities expects operating margin to be flat, Nuvama Institutional Equities sees profitability improving 50 bps sequentially.

Key monitorables will be in progress on 5G adoption, prepaid to postpaid conversion trends, any impact on 2G user base, traction in home broadband, and other new initiatives.

Larsen & Toubro
The engineering behemoth is expected to report a double-digit growth in both revenue and profit, on the back of healthy execution, order backlog, and softening input costs.

Kotak Equities expects 24% YoY improvement in the core EPC revenues on improved construction activity across projects during the quarter. It expects core E&C business operating margin to improve 40 bps YoY to 8.5%.

Nuvama Institutional Equities expects L&T’s FY26 strategic plan to be in focus, which entails making subsidiaries self-sustainable, strong presence in green energy, and exiting non-core business.

Tata Consumer Products

The FMCG major is expected to post double-digit 11% growth in revenues for the September quarter, while net profit is seen rising 25% YoY.

Operating margins are likely to improve, aided by the company’s cost restructuring measures in international operations. The company’s advertising spend is likely to have inched up in the quarter.


The public sector oil refiner is expected to post a profit for the quarter, against a loss in the year-ago period, aided by strong retail margins of petrol and diesel amid lower crude oil prices.

The company is widely expected to report a profit of around Rs 11,000 crore, compared to a loss of Rs 272 crore a year ago.

(Subscribe to ETMarkets WhatsApp channel)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *