Important results today: Bharti Airtel, Tata Motors, Amara Raja Batteries, Ceat

Man Industries, Mangalam Organics, Nippon Life India Asset Management, Sanofi India, SKF India, Suven Life Sciences and VST Industries will announce their quarterly earnings on October 27.

Oct 27, 2020 11:10 IST India Infoline News Service

Quarterly results that are expected today include Bharti Airtel, Tata Motors, Amara Raja Batteries, Castrol India, Ceat, ICICI Prudential Life Insurance Company, JM Financial.

Man Industries, Mangalam Organics, Nippon Life India Asset Management, Sanofi India, SKF India, Suven Life Sciences and VST Industries will announce their quarterly earnings on October 27.

According to the media reports, Bharti Airtel losses may narrow to Rs846.8cr as compared to the steep net loss of Rs23,044.9cr a year ago. The company’s revenues may have risen by 16.1% to Rs24,536.7cr. We expect Bharti Airtel to continue to show growth as the Covid-19 headwinds recede while home broadband and enterprise segment benefit from an increase in demand for connectivity, the media reports added.

Tata Motors may post a loss of anywhere between Rs900cr to Rs2,100cr. JLR wholesale volumes declined 40% yoy. Topline is expected to decline 14 per cent with EBITDA margin down 271 bps to 8.1%. We expect JLR to post revenues of GBP 4.3 billion (down ~29% yoy) with adjusted Ebitda margin of 9% (down 475 bps yoy), the media reports added.

Stock view:
Tata Motors Ltd is currently trading at Rs133.35 down by Rs0.3 or 0.22% from its previous closing of Rs133.65 on the BSE.

Bharti Airtel Ltd is currently trading at Rs433.65 down by Rs0.4 or 0.09% from its previous closing of Rs434.05 on the BSE.

Amara Raja Batteries Ltd is currently trading at Rs761.20 up by Rs2.65 or 0.35% from its previous closing of Rs758.55 on the BSE.

CEAT Ltd is currently trading at Rs1,119.60 down by Rs7.8 or 0.69% from its previous closing of Rs1,127.40 on the BSE.

VST Industries Ltd is currently trading at Rs3,360 down by Rs3.45 or 0.1% from its previous closing of Rs3,363.45 on the BSE.

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