India's leading public sector lender State Bank of India (SBI) among 69 companies will announce their results for the quarter ended March 2024 on Thursday. Other companies investors will watch out for include Asian Paints, BPCL and Indian Overseas Bank.Apart from the above, Abbott India, ADF Foods, Ajmera Realty, Alkyl Mines, Alps Industries, Alembic Pharma, ASI Industries, Balgopal Commercial, Capital SFB, Care Ratings, Escorts Kubota, Grand Foundry, Gopal Snacks, HPCL, IOB among others will also release their March quarter numbers.SBI Q4 expectationsIndia's leading public sector lender State Bank of India (SBI) is expected to report muted numbers for the fourth quarter ended March 2024.Analysts are pricing in a flattish net interest income (NII) growth or even a marginal decline up to 1% year-on-year on the back of higher operating expenses and NIM normalisation.Operating expenses would be higher due to wage revision-related costs (final settlement impact).Net profit for the fourth quarter is likely to drop 24% year-on-year, according to an average estimate of five brokerages."We expect operating profit to decline 20% year-on-year (higher operating expenses) and NIM normalization. We are building in flat NII growth on the back of 14% year-on-year loan growth," said Kotak Equities.Asian Paints Q4 expectationsDomestic paint and building material player Asian Paints is expected to report a net profit of Rs 1,317 crore for the quarter ended March 2024, which will likely be 5% year-on-year.The Mumbai-headquartered company may also post a revenue of Rs 9160 for the said quarter, which will be a 4.3% jump on the YoY basis, according to average estimates by three brokerages.The PAT range is expected between Rs 1,287 crore and Rs 1,900 crore. The lower band is estimated by Axis Securities, while Anand Rathi sees the higher range.The demand for paints remained steady in Q4, said one of the brokerages while emphasising that the low input price-driven margin expansion for companies is behind now and boiling crude oil prices and price cuts could create a margin pressure for most companies in this segment.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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