Cigarettes-to-hotels major ITC will announce its December quarter results on Monday with 88 other companies.

Other important results that are likely to be tracked closely today include those of Bajaj Finance, Adani Green Energy, Bharat Electronics, GAIL, Bharat Petroleum Corporation (BPCL), Vodafone Idea, Marico, Piramal Enterprises, and Tata Investment Corporation.

On Saturday last week, YES Bank reported robust growth in profit for the December quarter, with the bottomline surging more than four times year-on-year (YoY) to Rs 231 crore. Its net interest income, the difference between interest earned and interest expended, rose 2.4% YoY to Rs 2,017 crore.

Meanwhile, on Thursday, Adani Power reported a multifold jump in its consolidated net profit at Rs 2,738 crore for the December quarter. The same stood at just 9 crore in the last year quarter. Revenue from operations jumped 67% year-on-year to Rs 12,991 crore in the October-December period, compared with Rs 7764 crore in the corresponding period of last year.

ITC Q3 results

Steady volume growth in both cigarettes and non-cigarette FMCG business, coupled with strong traction in the hotel’s segment is likely to aid ITC Ltd’s earnings for the quarter ended December.

However, the agri and paper and paperboards businesses are likely to have been sluggish and a fall in the revenue in these two segments will restrain the overall growth in the revenue for the company.

ITC is seen reporting a nearly 5% year-on-year (YoY) growth in revenue for the December quarter to Rs 17,016 crore, according to the average of estimates given by eight brokerages.

Earnings before interest, taxes, depreciation and amortization or EBITDA is likely to increase 2.5% YoY to Rs 6,378 crore, and the profit may grow 2% to Rs 5,137 crore, the estimates showed.

Bajaj Finance Q3 results

Bajaj Finance Ltd is expected to report a strong double-digit growth in earnings for the quarter ended December, led by healthy loan growth, higher margins and moderate costs.

The non-bank finance major is seen reporting a 26.3% year-on-year (YoY) growth in net profit for the quarter to Rs 3,756 crore, the average of estimates given by eight brokerage firms showed. Net interest income for the quarter is expected to grow by a robust 34% YoY to Rs 7,946 crore, the estimates showed.

Led by strong loan growth, Bajaj Finance’s assets under management (AUM) grew by 35% to Rs 3.11 lakh crore as of December end, according to the provisional update shared by the company earlier this month.

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