nifty50: 8 Nifty50 companies likely to see more than 100% jump in first-quarter profits

At least eight Nifty50 companies are likely to post multiple jumps in June-quarter earnings, while two other index components could post a more than 90% increase in net income, brokerage insights suggest. Numbers for many of these companies will likely be supported by a lukewarm base. The list includes three car manufacturers, namely , and .


refiner, telecom operator, jeweler and coal miner are other stocks that could see more than double their profits.

Among automakers, Kotak Institutional Equities sees standalone profit for Eicher Motors climb 116.20% year-on-year to Rs 577.80 crore from Rs 267.20 crore. Commodity headwinds are partly offset by price increases taken in the quarter, he said. The same brokerage sees Hero MotoCorp’s profits increase by 265.10% YoY to Rs 1,609.20 crore from Rs 440.80 crore YoY.

For Maruti Suzuki,

sees PAT jump 159% YoY to Rs 1,100 crore. This brokerage firm pegs Eicher Motors’ PAT growth at 123.8% and Hero MotoCorp’s at 110.40%.

For Bajaj Finance, ICICIdirect sees PAT increase by 146.3% YoY to Rs 2,469.20 crore. It would, however, be flat sequentially, he said. Motilal pegs profit at Rs 2,111 crore, up 110% YoY.

Motilal Oswal forecasts Bharti Airtel’s profit at Rs 1,500 crore, up 469.9% year-on-year.

sees Bharti Airtel’s after-tax profit at Rs 1,926.80 crore, up 644.80% year-on-year, but down 4% sequentially. YES Securities pegs Bharti’s profit estimate at Rs 3,483.10 crore. sees net income at Rs 2,422 crore.

In the case of refiner ONGC, Edelweiss expects earnings to rise by 190.90% year-on-year to Rs 12,611.90 crore from Rs 4,334.81 crore. It expects Ebitda of ONGC improves by 96% thanks to a higher realization of oil and gas compensated by a modest production.

“While realization of benchmark crude (Brent) jumped 62% year-over-year in the first quarter, APM gas prices also rose 3.4 times year-on-year in the first quarter,” the house noted. brokerage.

YES Securities sees its profits increase by 254.5% year-on-year to Rs 15,366.80 crore.

Titan Company, which also provided a business update last week, could also report a multiple increase in profits.

said its jewelry segment posted 207% year-on-year revenue growth (excluding bullion sales) on a weak base, driven by strong demand from Akshaya Tritiya in May. The watch division recorded 158% year-on-year growth, driven by growth across all brands and products. The eyewear division recorded 176% year-on-year sales growth, driven by Titan Eye Plus and commercial and distribution channels. Motilal sees its profit soar by 5,288% to Rs 1,000 crore.

The same brokerage sees Coal India profits surge 186% YoY to Rs 9,100 crore. Meanwhile, two companies namely

and should see their net profit increase by more than 90%. Here are Motilal Oswal’s earnings projections for Nifty50 companies:


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