While automobile manufacturers, banks, and pharmaceuticals are expected to do well, it may be offset by modest numbers from the metals & mining pack.
A weak discretionary spending environment, together with the spillover of furloughs from the December quarter, will mean sluggish revenues from IT majors.
Consumer demand remains by and large subdued except for premium products.
Automakers have reported robust growth in volumes and have also managed to earn better prices. Banks will have gained from lower provisioning as asset quality remains good.
Tata Consultancy Services (TCS) will kick off the results season on April 12.
Net profits for the Nifty 50 set of companies are estimated to rise by about 4% year-on-year and 6.6% quarter-on-quarter, according to Kotak Institutional Equities (KIE). For the BSE 30 companies, net profits in Q4FY24 are expected to go up by 5% y-o-y and 8% q-o-q.
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