This week, around 104 companies will report how much money they’ve made in the third quarter. Some important companies to watch include Power Grid, Divi’s Labs, General Insurance Corp, and Tata Chemicals. Other companies like Gland Pharma, Aditya Birla Capital, and a few more will also announce their earnings.
What to Expect from Power Grid:
Power Grid, a government-owned company, is expected to see small changes in its earnings for the quarter ending in December 2024. Experts from Kotak Equities predict that Power Grid’s profit will increase lightly by 0.6% compared to last year, while its revenues might drop by about 1%. Motilal Oswal expects the company to make around Rs 11,400 crore in revenue, which is a 7% rise from last year. Last quarter, Power Grid reported a profit of Rs 3,793 crore with revenues staying flat at Rs 11,278 crore.
Expected Results from Divi’s Labs:
Divi’s Labs is expected to have a fantastic quarter, with profits jumping 56% to reach Rs 558 crore. This impressive growth is mainly due to a nearly 30% increase in revenue. The company’s focus on making generic APIs is expected to grow by 6%, and they will likely see a 55% increase in their contract manufacturing business. Their nutraceutical products are projected to grow by 18%. Overall, Divi’s should show around 29% growth in sales. Experts from Nuvama anticipate this growth will be driven by strong sales of a medication called Sacubitril/Valsartan. Divi’s gross profit margins are expected to improve to 59.3%, and their overall earnings before interest, taxes, and other costs are likely to rise 53% to Rs 750 crore.
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