Bank of Baroda Q3 results: Net profit rises 5.6% to Rs 4,837 crore, NII up 3%. L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, but misses estimates as EBITDA margins fall. Biocon Q3 results: All business segments grow; EBITDA up 16%, revenue rises 7%. IndusInd Bank Q3 Preview: Profit may see sharp 39% YoY fall amid rising slippages. Nestle India Q3 Preview: Net profit may slip 9% on increased competition
According to a poll of nine brokerages conducted by Moneycontrol, ONGC’s net profit is expected to decline 16 percent year-on-year (YoY) to Rs 8,997.8 crore, while remaining flat sequentially.
Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage
In Coal India’s Q3 performance, key aspects to watch include e-auction realisations, which have been under pressure and are crucial for profitability
Brokerages estimate SBI Life's annual premium equivalent (APE) to come at Rs 5,963 crore in Q3FY24, while value of new business (VNB) is expected to be at Rs 1,702 crore
Factors to watch out post Q3 results: performance of BFSI, hi-tech verticals, impact of macro-headwinds on demand, and margin guidance for FY24
According to a Moneycontrol poll, HDFC Bank's NII in Q3 is expected at Rs 28,846 crore against Rs 27,385 crore in the previous quarter
Management's commentary on business growth and margin trajectory will be closely tracked when the lender shares Q3 numbers today
Tractors and CVs are expected to see good volumes
The earnings season kicks off with TCS on January 9, followed by Infosys and HCLTech on January 12 and Wipro on January 13.
According to analysts, the profitability of most companies in the consumer goods segment, especially, essentials will continue to remain affected due to broad-based inflation.