Q4 earnings preview: These 5 firms are likely to post over 50% growth in net profit

Maruti Suzuki: The auto major is likely to post a PAT growth of 54 percent in the March quarter at around ₹2,836.5 crore. Its net sales are also likely to rise 24 percent YoY to ₹33,200 crore in Q4FY23 and EBITDA is likely to register a growth of 49 percent YoY to ₹3,600 crore. As per the brokerage, the easing of supply chain constraints, combined with traction for new model launches and healthy demand during festivals, aided volume growth. EBITDA margin is likely to expand 110 bps QoQ to 10.9 percent, led by benefits of lower raw material costs and operating leverage, however, initial signs of demand moderation and increase in supply challenges of late can act as near term headwinds for the coming quarters, MOSL noted.

IndusInd Bank: The private sector lender's net profit is expected to rise 50.7 percent YoY to ₹2,100 crore in Q4FY23. Meanwhile, its net revenue and EBITDA are also likely to post 19 percent and 14 percent YoY growth to ₹4,700 crore and ₹3,800 crore, respectively. MOSL expects loan growth to see a healthy pickup. Asset quality and deposit traction would be closely monitored, the brokerage said. It also sees the lender's margins remaining stable at 4.3 percent. 

Bajaj Finserv: This NBFC is also likely to report a 51.5 percent YoY rise in its net profit for the March quarter to ₹2,000 crore. Its net sales as well as EBITDA are expected to jump 34 percent YoY to ₹25,300 crore each.

BPCL: BPCL is the only stock in the Nifty 50 index which is expected to post over 3 times growth in its profit. This OMC's PAT is seen rising 201.5 percent to ₹7,200 crore. However, its net sales are only estimated to rise around 2 percent to ₹1.06 lakh crore, meanwhile, EBITDA is likely to register a growth of 98 percent YoY to ₹11,900 crore. The brokerage expects refinery throughput at 10.4mmt (up 28% YoY/up 11% QoQ), led by utilization ramp-up at the Kochi refinery. It also sees a reported GRM at USD17/bbl, with a blended gross marketing margin of INR4.5/liter. Key monitorables will be the product prices of the company, with Brent coming down from Q3FY23 levels, MOSL said.

State Bank of India: India's largest public sector lender is estimated to post a 66.6 percent rise in its net profit at ₹15,200 crore. Its net sales and EBITDA are also seen increasing 29 percent and 36.5 percent YoY to ₹40,300 crore and ₹26,900 crore, respectively. The brokerage expects credit costs to remain modest, asset quality to continue to improve, healthy traction in loan growth, and margin to improve to 3.6 percent. Opex traction in deposits and increase in deposit costs are key monitorables, it added.