Upcoming Q3 results : Infosys , RIL , HDFC Life , Axis Bank , LTI Mindtree among companies to announce earning this week ;
The earning season has finally kicked in and as many as eight NIFTY 50 are set to declare their december 2024 quarter , earning this week by Friday December 17 .
Equity Bench mark indices have started to feel the weight of growing concerns over Q3 earning post a disappointing Q2 performance . After TCS became first one to announce the Q3 number on january 9 , markets have shown a consistent slide .
Despite TCS registering strronger than expected results , both the NIFTY and the SENSEX have fallen nearly 2 so far in january . On Tuesday , the indices posted marginally recovery after falling to 7 – month low in the previous session .
Investor would now be keeping a close eye on the upcoming results announcements . Here ‘ s a look at the companies that will release their Q3 numbers in the next couple of days and set direction for the broader markets .
HDFC Life ( january 15 ) –
Private life insurer HDFC Life is expected to report double digit growth in annual premium equivalent for Q3 FY 25 on the back of new premium policies . Analyst are expecting APE to be in the range of 3410 crore to 3890 crore for the December quarter , while the value of new business is projected at 826 crore to 970 crore .
Infosys ( Jan 16 )-
Infosys Ltd is expected to post lacklustre number in Q3 FY25 on the back of seasonal weakness . Revenue is expected in the range of 40699 cr to 41246 cr , net profit is seen at 6438 cr to 6893 cr ,according to market experts .
In the previous quarter ended September , the IT giant’s revenue jumped 5.1% YoY to 40986 cr , while profit came at 6506cr .
Infosys shares have declined 2.3% in the one month period , but have jumped over 17 % in last one year .
Reliance Industries ( jan 16 ) –
Reliance Industries is expected to see underwhelming earnings growth in Q3 FY25 due to its sluggish core business , Experts predict that the strong earnings from the telecom business are likely to be balanced out by weaker performance in the energy segments and slower growth in the retail business , In FY25 Ril had reported a 4. 8 % year on year declines consolidated revenue came in at 2.31 trilion rupees marginally lower than a year ago .
RIL shares are down 2.5% in the past one month and 11.2 % in the past one year .
Tech Mahindra ( jan 17 ) –
IT company tech mahindra ltd is likely to deliver muted growth on account of a high base and the seasonality factor , say analysts. Revenue growth may be limited and profit may fall compared with the previous quarter ended september 2024 .
Revenue is pegged in the range of 13275 cr – 13 384 cr in Q3 FY 25 , while profit is projected at 966 cr -1128 cr rupees . In Q2 FY25 . the company posted revenue of 13313.2 cr rupees while , consolidated net profit stood at 1250 cr , according to experts . Tech Mahindra Shares are Down more than 7 .5% in the past one month but are up over 23 % in the last one year.
Wipro (Jan 17) –
IT firm Wipro is expected to report a double-digit rise in profit for the December quarter, while revenue growth may be flat with a negative bias, according to analysts.
Revenue in Q3FY25 is expected to be in the range of ₹22,466-₹22,781 crore, while profit is seen at ₹3,040-₹3,227 crore. In Q2FY25, revenue from operations stood at ₹22,302 crore, while net profit stood at ₹3,209 crore.
Wipro shares are down more than 5% in the past one month, but have rallied 18.5% in the past one year.
SBI Life (Jan 17) –
Leading insurer SBI Life Insurance Co. Ltd is expected to post steady business growth in Q3 FY25 due to growing popularity of group insurance policies from companies focusing on employee benefits. This is expected to boost overall premium collection for the company. In Q2FY25, SBI Life’s consolidated net profit stood at ₹529 crore, while net premium income was ₹20,266 crore during the period.
SBI Life shares have gained 5.6% in the past month. In the last one year, the stock is up 5%.
Axis Bank (Jan 16) –
India’s third-largest private lender Axis Bank is expected to report a muted growth in net interest income (NII) and net profit for the December quarter due to moderate loan growth. The bank’s NII is expected at ₹13,709 crore to ₹13,793 crore, while profit is estimated at ₹6,236 crore to ₹6,540 crore. In Q2 FY25, the bank’s NII stood at ₹13,483 crore, while net profit was ₹6,918 crore, according to reports.
Axis Bank shares are down 8.7% in the past month and 6.2% in the past one year.
LTI Mindtree (Jan 16) –
IT services major LTIMindtree’s Q3 earnings are expected to take a hit of wage hikes. In July 2024, the company had announced that it would be rolling out annual salary increments in the October-December quarter. Analysts believe that its impact could reflect in the company’s margins during the third quarter. In Q2FY25, LTI Mindtree’s consolidated net profit stood at ₹1,251.6 crore on a revenue of ₹9,432.9 crore.
Notably, LTI Mindtree shares have plunged 15% in the past one month and almost 9% in the past one year.
Apart from the NIFTY 50 companies, the investors will also keep a watch on the earnings reports of the key player across sectors like Indian Hotels (Jan 17), Jio Financials (Jan 17), Waaree Renewable Technologies (Jan 16), Bank Of Maharashtra (Jan 15), and Havells India (Jan 16), among other.
List of Companies scheduled to release Q3 result this week ;
January 16:- Reliance Industries, Infosys, Axis Bank, Alok Industries , Bhansali Engineering Polymers , DB Corp , Digicontent , GG Automotive Gears , Hatsun Agro Product , Havells India , Hawa Engineers, Julien Agro Infratech , Kesoram Industries , LTIMindtree , Mahesh Developers , Mastek , Metro Brands , Mudra Financial Services , Plastiblends India, Sellwin Traders , Shekhawati Industries , and Shemaroo Entertainment, Radhika Jeweltech, and Sanathnagar Enterprises.
January 17: – Wipro, Jio Financial Services, Tech Mahindra, SBI Life Insurance Company, Indian Hotels Company, ICICI Lombard General Insurance Company, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing Corporation, Rallis India, Sterlite Technologies, Rajoo Engineers, Swaraj…
