Q1 results today: Jio Financial, SpiceJet, HDFC Life among 36 companies announce earnings on Monday

The first quarter earnings season will get into full swing this week with many marquee names set to announce their quarterly results. On Monday, HDFC Life, Jio Financial, HDFC AMC, Angel One, and SpiceJet, among 36 companies will declare their earnings.

Apart from the above, other results to watch out for include that of Hatsun Agro, KBC Global, Kelton Tech, Modern Engineering, Monarch Networth Capital, Oasis Securities, Rajoo Engineers, Sheetal Cool Products, Tahmar Enterprises, Styrenix Performance, and others.

HDFC Life Q1 expectations


HDFC Life Insurance Company is expected to report a 22% year-on-year jump in its annual premium equivalent at Rs 2,910 crore for the quarter ended June 30, 2024. However, on a sequential basis APE may see a 40% fall according to the average estimates of three brokerages.

The value of its new businesses (VNB) is estimated at Rs 714 crore for Q1FY25 which could be a 17% uptick over the corresponding period of the last financial year.

Key monitorables going ahead would be product-level growth, particularly on the protection front along with the margin guidance on the APE and VNB front.

Nuvama expects HDFC Life to report Annual Premium Equivalent (APE) of Rs 2,910 crore for the quarter ended June 30, 2024, which is a likely 25% year-on-year jump while a 38% climbdown on the quarter-on-quarter basis.

HDFC AMC Q1 expectations

Analysts are building in a 10% quarter-on-quarter increase in quarterly AUM in 1QFY25 for the domestic MF business reflecting growth in equity indices and higher equity market share.

Kotak Institutional Equities profit for the quarter to rise 20% year-on-year, while sales are seen increasing 35% year-on-year.

"We expect 40% year-on-year core PBT growth driven by 35% year-on-year revenue growth and 18% year-on-year expense growth. Other income stable year-on-year. Focus to remain on the stability of retail flows and outlook on flow market share," the brokerage said.

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