Diversified Sector — Q3 FY24 Earnings Overview
48 companies reported. 36 bullish, 11 neutral, 1 bearish.
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| ABB India | ₹27,57,49,00,000 Cr | +5% | — | bullish high |
| AU Small Finance Bank | ₹27,35,82,030 Cr | — | — | neutral medium |
| Oil & Natural Gas Corporation | ₹1,67,357 Cr | — | 12.0% | neutral medium |
| Bharat Petroleum Corporation | ₹1,15,499 Cr | — | 5.0% | bullish high |
| Tata Steel | ₹55,312 Cr | — | 11.0% | neutral medium |
| Larsen & Toubro | ₹55,128 Cr | +19% | 13.0% | bullish high |
| Hindalco Industries | ₹52,808 Cr | — | — | bullish high |
| NTPC | ₹42,820 Cr | — | — | bullish high |
| JSW Steel | ₹41,940 Cr | — | 17.1% | neutral medium |
| Bharti Airtel | ₹37,900 Cr | — | 53.9% | bullish high |
| Coal India | ₹36,154 Cr | +5% | 36.0% | bullish high |
| Mahindra & Mahindra | ₹35,299 Cr | +15% | — | bullish high |
| Maruti Suzuki | ₹33,513 Cr | — | 13.0% | bullish high |
| Grasim | ₹31,965 Cr | +12% | — | neutral medium |
| Bajaj Finserv | ₹29,038 Cr | +34% | 36.0% | bullish high |
| Adani Enterprises | ₹25,050 Cr | — | 13.0% | bullish high |
| Wipro | ₹22,205 Cr | +27.5% | 17.6% | bullish high |
| UltraTech Cement | ₹16,740 Cr | — | — | neutral medium |
| Titan Company | ₹14,164 Cr | — | — | bullish high |
| Ashok Leyland | ₹11,093 Cr | +3% | 18.0% | bullish high |
| Aditya Birla Capital | ₹9,997 Cr | +29% | — | bullish high |
| Hero MotoCorp | ₹9,788 Cr | +20% | — | bullish high |
| Aurobindo Pharma | ₹7,352 Cr | +14.7% | 21.8% | bullish medium |
| Dr. Reddy's Laboratories | ₹7,215 Cr | +7% | 29.3% | bullish high |
| Coromandel International | ₹5,464 Cr | -33.8% | 6.0% | bearish high |
| Dixon Technologies (India) | ₹4,821 Cr | +100% | 3.9% | bullish high |
| Bosch | ₹4,205 Cr | +14.9% | 11.0% | bullish medium |
| Eicher Motors | ₹4,179 Cr | +12.3% | — | bullish high |
| Aditya Birla Fashion and Retail | ₹4,167 Cr | +16% | 14.5% | neutral medium |
| Apar Industries | ₹4,013 Cr | +2% | 10.8% | bullish high |
| Biocon | ₹3,954 Cr | +34% | 23.0% | neutral medium |
| Tata Consumer Products | ₹3,800 Cr | +9% | — | bullish high |
| Alkem Laboratories | ₹3,324 Cr | +9% | 21.0% | bullish high |
| Dabur India | ₹3,255 Cr | +7% | — | bullish high |
| Berger Paints (I) | ₹2,882 Cr | +6.4% | 16.7% | bullish high |
| Adani Green Energy | ₹2,311 Cr | +57% | 72.0% | bullish high |
| Divi's Laboratories | ₹1,855 Cr | — | — | neutral medium |
| DLF | ₹1,521 Cr | — | 34.0% | bullish high |
| Astral | ₹1,370 Cr | — | — | bullish high |
| AIA Engineering | ₹1,169 Cr | — | 27.0% | neutral medium |
| Ajanta Pharma | ₹1,105 Cr | +14% | 28.0% | bullish high |
| Central Depository Services (India) | ₹214 Cr | +47% | 61.0% | bullish high |
| State Bank of India | — | — | — | bullish high |
| Bandhan Bank | — | — | — | bullish medium |
| Canara Bank | — | — | — | bullish high |
| SBI Life Insurance Company | — | — | — | bullish high |
| Kotak Mahindra Bank | — | — | — | neutral medium |
| The Federal Bank | — | — | — | bullish high |
Key sector risks this quarter
Conversion from forged to high-chrome grinding media is taking longer than anticipated, leading to volume growth shortfalls. Management cited customer conservatism and long decision cycles.
Aurobindo Pharma · highFDA issued Form 483 with 9 observations at Eugia Unit III; manufacturing paused, expected $20M revenue impact in Q4. Risk of prolonged shutdown and market share loss.
Hero MotoCorp · highIndustry discounting in EVs could intensify, pressuring margins if Hero's cost reduction roadmap falls short.
Oil & Natural Gas Corporation · highDividends from Russian operations remain stuck due to sanctions; management is pursuing a share swap to resolve.
Hindalco Industries · highThe project cost escalated from $2.5B to $4.1B due to civil/structural underestimation; further overruns could impact returns.