Diversified Sector — Q3 FY24 Earnings Overview
10 companies reported. 7 bullish, 3 neutral, 0 bearish.
Average revenue growth: 6.0%
Sector sentiment: bullish
Aggregate revenue: ₹2,99,693 Cr
Average margin: 3.6%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Bharat Petroleum Corporation | ₹1,29,976 Cr | — | — | bullish high |
| Coalindia | ₹1,04,914 Cr | +5% | — | bullish high |
| Grasim | ₹31,965 Cr | +12% | — | neutral medium |
| Bajajfinsv | ₹29,038 Cr | +34% | 36.0% | bullish high |
| TATA CONSUMER PRODUCTS | ₹3,800 Cr | +9% | — | bullish high |
| Ongc | — | — | — | neutral medium |
| Sbin | — | — | — | bullish high |
| Maruti | — | — | — | bullish high |
| Divislab | — | — | — | neutral medium |
| SBI Life Insurance Company | — | — | — | bullish high |
Key sector risks this quarter
Ongc · high
Dividends from Russian operations remain stuck due to sanctions; management is pursuing a share swap to resolve.
Grasim · highVSF realizations declined 2% QoQ due to cheaper imports from China, pressuring margins.
Maruti · highHatch segment share fell to 25% from 47% peak; first-time buyer share at 41% remains below pre-COVID levels. Recovery uncertain.
Divislab · highSeveral custom synthesis and generic projects are awaiting FDA/EU approvals, which are outside Divi's control and could delay revenue recognition.
TATA CONSUMER PRODUCTS · highThe U.S. coffee category is under demand pressure, and coffee prices remain volatile, impacting the branded coffee business.