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Important results today: Axis Bank, HCL Tech, HDFC, Bajaj Finance, Bank of Baroda

The results expected today include Axis Bank, HCL Technologies, HDFC, Bajaj Finance, Bajaj Finserv, Bank of Baroda.
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Quarterly results that are expected today include Axis BankHCL TechnologiesHDFCBajaj FinanceBajaj FinservBank of Baroda, Oriental Bank of Commerce, Mahanagar Gas, Bharat Financial Inclusion.

Here is the street expectation for the companies:


  • Revenue – Rs15,515cr, up by 5.5% qoq on account of higher contribution from Products/IPs (favourable seasonality), large deal wins in past and contribution from HDI acquisition.
  • EBIT – Rs3,119cr, up by 6.6% qoq.
  • EBIT Margin – 20.1%, up 21bps qoq on the back of revenue growth and seasonal strength in high margin IP practice.
  • PAT – Rs2,553cr, up by 2.1% qoq.
  • NII – Rs5,283cr, up 11.7% yoy due to 12% credit growth expectation.
  • PPOP – Rs4,337cr, up 12.5% yoy due to slightly higher NII.
  • PAT – Rs1,435cr, up 97.6% yoy, due to a fall in provisions
  • Net interest income – Rs2,924cr, up 23.4% yoy and 7.1% qoq
  • Pre-provision profit – Rs1,825cr, up 28.2% yoy and 4.3% qoq
  • Loan-loss provisions – Rs347cr, up 40.4% yoy and 10.1% qoq
  • PAT – Rs961cr, up 25.3% yoy and 4% qoq
  • Total income – Rs9,477cr, up 27% yoy, with a robust traction in finance and general insurance business of the company. Life insurance business is expected to witness marginal recovery with increase in annual premium equivalent (up ~13% during 9MFY19) and likely improvement in persistency ratio. AUM growth under finance arm is expected to be ~35% yoy.
  • Consolidated adjusted net profit after tax (attributable to shareholders) – Rs886cr, up 18% yoy, on account of likely improvement in the combined ratio of the general insurance business and marginal improvement in value of new business (VNB) margin.
  • Net interest margin (NII) for finance business is expected to witness ~23% growth backed by higher AUM coupled with stable NIM and NPA ratio under the arm (Bajaj Finance).
More companies announcing results today are: Johnson Controls, Eris Lifesciences, Himadri Speciality Chemical, Indiabulls Integrated Services, Orchid Pharma SORIL Infra Resources, Kingfa Science & Technology (India), Intense Technologies, Lloyds Steels Industries, Teamlease Services, Hester Biosciences, Tata Steel BSL, Crompton Greaves Consumer Electricals, Pokarna, Welspun Enterprises, DCM Shriram, The Ramco Cements, Subex, Tata Coffee, Cera Sanitaryware, Bliss GVS Pharma, WABCO India, Revathi Equipment, Times Guaranty, KEC International, Bajaj Finserv, Electrosteel Castings, KEI Industries, Godrej Consumer Products, Fertilizers and Chemicals Travancore, Eimco Elecon (India), Kansai Nerolac Paints, Ramco Industries, Apar Industries, Info Edge (India), Kalyani Forge, Apcotex Industries, Strides Pharma Science, Granules India.

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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