The Q3 results season is underway in full swing and a host of important numbers will be announced today. All eyes are on the Infosys Q3 results for better clarity on the demand situation across the IT sector. RIL results are important as the street is watching out for potemtial announcement with regards to the listing plans for Reliance Retail. Axis Bank Q3 is one of the foirst major banking numbers this season. All eyes will be on loan growth, NIMs and management commentary on future outlook.
Key earnings to track today
Here is a detailed analysis of the key results to watch today –
Infosys Q3FY25 earnings
Tech bellwether Infosys results will be announced around 3:45 pm today. The key factor that the street is watching out for is the management commentary on the demand outlook. While TCS management did provide a positive outlook, cautious revenue guidance from HCL Tech earlier this week was a sentiment dampener for the IT stocks. Most brokerage firms expect a muted revenue guidance from Infosys while the net profit is likely to be in low single digit. The Infosys stock is trending upwards. However if we analyse the stock’s movement between the Q2 earnings and now, its been up just 1.56%, almost flat. However, on a 1-year timeframe, the stock has yielded 19% returns for investors.
Also Read Power companies likely to record strong earnings for Q3 Inflation data, Q3 earnings, FII trading key factors to drive markets this week: Analysts Modest Q3 on the cards for India Inc TCS Q3 Earnings today: Here are 4 things the street is watching out for
Also Read: How will markets open today? Here are 9 things to watch out for at this hour
RIL Q3FY25 earnings
Oil and Gas major, Relianec Industries numbers are also expeceted later today. The street is expecting mixed performance from this bluechip counter. Strong telecom earnings, moderate growth in retail business coupled with improvement in refining margins is what most analysts are betting on. Sharp increase in the O2C segment and the nearly $2 per barrel improvement in GRMs is expected to offset soft petchem performance. That apart the investors will also watch out for many management commentary on the listing plans for Reliance retail business. The Reliance Industries stock is however down 10% between last earnings season and now.
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