The Q1 earnings season is here and investors are eagerly waiting to see how the top companies in the Nifty50 index perform. According to analysts, there are 8 companies that are expected to see a significant year-on-year (YoY) rise in their Q1 profit. These companies belong to various sectors including automobiles, private banks, PSU banks, capital goods, and telecom.

Bajaj Auto is projected to have a 48.2% YoY growth in profit, with an estimated profit of Rs 1,700 crore. Eicher Motors is also expected to have a 48.25% YoY rise in profit, with an estimated profit of Rs 900 crore.

Maruti Suzuki is another automobile company that is projected to have a substantial YoY growth in profit. Analysts expect the company’s profit to increase by 123.3% YoY, reaching Rs 2,300 crore.

In the banking sector, Axis Bank and Kotak Mahindra Bank are expected to show strong growth in Q1 profit. Axis Bank is estimated to have a 44.6% YoY rise in profit, reaching Rs 6,000 crore, while Kotak Mahindra Bank’s profit is projected to increase by 45.7% YoY, amounting to Rs 3,000 crore.

State Bank of India, a PSU bank, is also expected to report impressive Q1 results with a projected profit of Rs 13,800 crore, reflecting a 127% YoY growth.

Larsen & Toubro, a capital goods company, is estimated to have a 50.4% YoY rise in profit, with an expected profit of Rs 2,600 crore. In the telecom sector, Bharti Airtel is projected to have a substantial YoY growth of 93.2%, reaching Rs 2,900 crore.

These companies’ Q1 earnings results will be closely watched by investors as they can significantly impact the stock market. Traders and investors are advised to keep an eye on these stocks to take advantage of potential opportunities in the market.

For more details and a complete list of stocks to watch out for in the Q1 earnings season, click on the link below.