nifty50: 8 Nifty50 companies that are likely to log over 100% jump in Q1 profit

Not less than eight Nifty50 corporations are more likely to log multifold jumps in June quarter income, whereas two different index constituents could log over a 90 per cent surge within the bottomline, brokerage previews recommend. Numbers for a lot of of those corporations are more likely to be supported by a tepid base. The record contains three automakers, particularly , and .

NBFC

, refiner , telecom operator , jeweller and coal miner are different shares which will see greater than doubling of income.

Amongst automakers, Kotak Institutional Equities sees standalone revenue for Eicher Motors climbing 116.20 per cent YoY to Rs 577.80 crore from Rs 267.20 crore. Uncooked materials headwinds are partly offset by worth hikes taken through the quarter, it stated. The identical brokerage sees revenue for Hero MotoCorp surging 265.10 per cent YoY to Rs 1,609.20 crore from Rs 440.80 crore YoY.

For Maruti Suzuki,

sees PAT leaping 159 per cent YoY to Rs 1,100 crore. This brokerage pegs Eicher Motors’ PAT development at 123.8 per cent and Hero MotoCorp’s at 110.40 per cent.

For Bajaj Finance, ICICIdirect sees PAT rising 146.3 per cent YoY to Rs 2,469.20 crore. It will although be flat sequentially, it stated. Motilal pegs revenue at Rs 2,111 crore, up 110 per cent YoY.

Motilal Oswal anticipates Bharti Airtel’s revenue at Rs 1,500 crore, up 469.9 per cent YoY.

sees Bharti Airtel’s revenue after tax at Rs 1,926.80 crore, up 644.80 per cent YoY, however down 4 per cent sequentially. YES Securities pegs Bharti’s revenue estimate at Rs 3,483.10 crore. sees bottomline at Rs 2,422 crore.

Within the case of refiner ONGC, Edelweiss expects revenue to rise 190.90 per cent YoY to Rs 12,611.90 crore from Rs 4,334.81 crore It expects ONGC’s Ebitda to enhance 96 per cent on larger oil and fuel realisation offset by modest manufacturing.

“Whereas benchmark crude (Brent) realisation surged 62 per cent YoY in Q1, APM fuel costs have additionally surged 3.4 instances YoY in Q1,” the brokerage famous.

YES Securities sees revenue rising 254.5 per cent YoY to Rs 15,366.80 crore.

Titan Firm, which gave a robust enterprise replace final week, too, may report a multifold rise in revenue.

stated its jewelry section posted income development of 207 per cent YoY (excluding bullion gross sales) on a low base, led by robust demand because of Akshaya Tritiya in Could. The watch division recorded a development of 158 per cent YoY), led by development throughout manufacturers and merchandise. The eyewear division posted a gross sales development of 176 per cent YoY, led by Titan Eye Plus and commerce and distribution channels. Motilal sees its revenue zooming 5288 per cent to Rs 1,000 crore.

The identical brokerage sees Coal India’s revenue rising 186 per cent YoY to Rs 9,100 crore. In the meantime, two corporations particularly

and are anticipated to see over 90 per cent soar in web revenue. Listed here are earnings projections by Motilal Oswal for Nifty50 companies:

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(Disclaimer: Recommendations, recommendations, views, and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)