Several companies are set to announce their Q4 results, with JSW Steel expected to show improved earnings due to better realisations and lower input costs, particularly coal. Ashok Leyland and BEML earnings are also keenly awaited. Investors are interested in management commentary on debt and capex.

JSW Steel is expected to report a sequential improvement in earnings for Q4FY25, driven by better realisations and a moderation in input costs. However, year-on-year comparisons may be weak due to lower volumes and subdued global steel demand. Consolidated revenue is estimated at Rs 4,470 crore, down 3.4% YoY but up 8% QoQ, supported by improved average selling prices (ASP).

EBITDA is expected at Rs 658 crore, up 18% QoQ, with EBITDA per tonne improving to Rs 9,158 in Q4FY25. Profit after tax is estimated at Rs 172 crore, marking a strong 121% QoQ rebound. Net debt levels and capex execution will be key points of focus in the management commentary.

Other companies in focus include ITC, which reported a consolidated net profit of Rs 19,807 crore, largely attributed to a one-time gain from the demerger of its Hotels Business. NTPC Green Energy Ltd. announced its win in an e-reverse auction conducted by NHPC Ltd. Sun Pharma reported an 8.1% increase in revenue, reaching Rs 12,958.8 crore.

Grasim Industries posted a net loss of Rs 288 crore, narrowing from a loss in the previous year. Container Corporation of India (Concor) reported a 1.6% drop in net profit. HFCL reported a net loss due to reduced demand for optical fibre cables. Gujarat State Petronet saw its Q4 net profit plummet. Hindustan Copper will consider raising up to Rs 500 crore via non-convertible debentures (NCDs) or bonds. Ramco Cements reported a net profit with a steep year-on-year decline.

Additional companies to watch include Azad Engineering and Devyani International as they also prepare to release their March quarter results. Investors are advised to consult certified experts before making any investment decisions.