Diversified Sector — Q1 FY24 Earnings Overview
43 companies reported. 32 bullish, 10 neutral, 1 bearish.
Average revenue growth: 11.0%
Sector sentiment: bullish
Aggregate revenue: ₹6,56,911 Cr
Average margin: 12.6%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Bharat Petroleum Corporation | ₹1,12,985 Cr | — | 14.0% | bullish high |
| Tata Steel | ₹59,490 Cr | — | 10.0% | neutral medium |
| Hindalco Industries | ₹52,991 Cr | — | — | neutral medium |
| Larsen & Toubro | ₹47,882 Cr | +34% | 13.0% | bullish high |
| JSW Steel | ₹42,213 Cr | — | — | bullish high |
| Bharti Airtel | ₹37,440 Cr | — | 52.7% | bullish high |
| Mahindra & Mahindra | ₹33,892 Cr | +19% | 18.0% | bullish high |
| Maruti Suzuki | ₹32,535 Cr | +22% | 11.0% | bullish high |
| Grasim | ₹31,065 Cr | +11% | — | neutral medium |
| Bajaj Finserv | ₹23,280 Cr | +47% | 40.0% | bullish high |
| Wipro | ₹22,831 Cr | +6.1% | — | neutral medium |
| Adani Enterprises | ₹22,644 Cr | — | 11.0% | bullish medium |
| UltraTech Cement | ₹17,737 Cr | — | — | bullish high |
| Kotak Mahindra Bank | ₹12,869 Cr | — | — | bullish high |
| Titan Company | ₹11,897 Cr | — | — | bullish high |
| Ashok Leyland | ₹9,691 Cr | +13% | 16.0% | bullish high |
| Hero MotoCorp | ₹8,851 Cr | — | 13.0% | bullish high |
| Aditya Birla Capital | ₹8,144 Cr | +39% | — | bullish high |
| Aurobindo Pharma | ₹6,850 Cr | +9.9% | 16.8% | bullish high |
| Dr. Reddy's Laboratories | ₹6,738 Cr | +29% | 31.7% | bullish high |
| Coromandel International | ₹5,693 Cr | -1% | 12.0% | neutral medium |
| Bosch | ₹4,158 Cr | +17.3% | — | neutral medium |
| Eicher Motors | ₹3,986 Cr | +17% | 25.6% | bullish high |
| Apar Industries | ₹3,773 Cr | +22% | 9.8% | bullish high |
| Tata Consumer Products | ₹3,741 Cr | +12% | — | bullish high |
| Biocon | ₹3,423 Cr | +59% | 20.0% | bullish medium |
| Dixon Technologies (India) | ₹3,272 Cr | +15% | 4.0% | bullish high |
| Aditya Birla Fashion and Retail | ₹3,196 Cr | +11% | 11.0% | bearish high |
| Dabur India | ₹3,130 Cr | +11% | 19.0% | bullish high |
| Berger Paints (I) | ₹3,030 Cr | +10.1% | 18.8% | bullish high |
| ABB India | ₹3,000 Cr | +28% | — | bullish high |
| Alkem Laboratories | ₹2,968 Cr | +15.2% | 13.1% | neutral medium |
| AU Small Finance Bank | ₹2,458 Cr | — | — | neutral medium |
| Adani Green Energy | ₹2,162 Cr | — | — | bullish high |
| Divi's Laboratories | ₹1,778 Cr | — | 28.0% | neutral medium |
| DLF | ₹1,423 Cr | — | 28.0% | bullish high |
| Astral | ₹1,283 Cr | — | — | bullish high |
| AIA Engineering | ₹1,240 Cr | — | 28.0% | bullish medium |
| Ajanta Pharma | ₹1,021 Cr | +7% | 26.0% | bullish high |
| Central Depository Services (India) | ₹150 Cr | +19% | 53.0% | bullish medium |
| State Bank of India | — | — | — | bullish high |
| Bandhan Bank | — | — | — | neutral medium |
| Canara Bank | — | — | — | bullish high |
Key sector risks this quarter
Hindalco Industries · high
LME aluminum prices remain volatile between $2,100-2,300/ton, with uncertainty around Chinese production and demand.
Hero MotoCorp · highThe bottom-of-pyramid segment has been slow to recover; if demand does not pick up, volume growth may lag.
Biocon · highUSFDA inspections at Malaysia facility resulted in observations; CAPA plans submitted but approval timelines for insulin aspart and bevacizumab remain uncertain.
Mahindra & Mahindra · highTech Mahindra reported its worst quarter ever, and management acknowledged it will take 2-3 years to fix, posing a drag on consolidated earnings.
Eicher Motors · highInternational markets remain under pressure due to macroeconomic headwinds, with VECV exports down 58% YoY and Royal Enfield exports also weak.