Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday

The first quarter earnings season is underway and as many as 95 companies will announce their quarterly numbers on Monday. Key results to watch out include that of Adani Total Gas, HPCL, Adani Wilmar and ACC.

Apart from the above, companies like Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results.

Adani Wilmar Q1 expectations

While there are no estimates for the first quarter results, Adani Wilmar has delivered strong double-digit volume growth at 25% for the first quarter ended June. However, sales declined 15%, mainly due to sharp drop in edible oil prices.


The edible oil business grew by 25% year-on-year in volume terms during the quarter on the back of continued strong consumer demand as well as the weak base of Q1FY23. But, the sale value for the segment too dropped 15% year-on-year.

Since the first quarter of the last fiscal, the price of edible oils have been declining. This trend continued during the first quarter too.

"High-cost inventory in an environment of falling prices has exerted pressure on our profitability throughout the previous financial year, and this trend persisted during the first quarter as well," the company said.

The food and FMCG segment recorded a revenue growth of 30%+ year-on-year to cross Rs 1,000 crore of revenue for the quarter on a standalone basis. This was the eighth consecutive quarter with 20%+ volume growth and 30%+ revenue growth, on a year-on-year basis, for the segment.

ACC Q1 expectations

ACC is expected to report muted numbers for the first quarter with net profit likely falling 10% year-on-year and sales dropping 2%.

Motilal Oswal expects sales volume to grow 5% year-on-year, whereas cement realization could decline 7% year-on-year.

"The variable cost per tonne declined 2% year-on-year. Opex per tonne is estimated to decline 10% year-on-year. Expect EBITDA per tonne t at Rs 736 versus Rs 818 in 1QFY24," the broker said.

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