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India Cements, Cyient DLM Q3 Results Live Updates: With the fiscal third quarter earnings season already in full swing now, majors including IT services companies like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors – Reliance Industries Ltd, Zomato, Paytm, Axis Bank, and a few others have announced their Q3 numbers. While the IT industry posted a subdued quarter performance weighed down by seasonal furloughs, many others are yet to release their report cards for the quarter in review.
The Q3 results announced thus far indicated that businesses are struggling to grow their top lines. An analysis report by JM Financial stated, “We forecast 5.8 per cent YoY growth in PAT in Q3FY25. Ex-BFSI (which contributes 32 per cent to overall numbers) PAT growth is weaker at 1.9 per cent YoY. Sectors with the strongest Q3 YoY growth: Key meaty sectors that are expected to contribute to this growth include IT services (+7 per cent YoY, 12 per cent weight in earnings), and pharmaceuticals (+10 per cent YoY, 4 per cent weight in earnings). Amongst sub-sectors with lesser earnings weight EMS (+90 per cent YoY), consumer durables (+49 per cent YoY), hotels (+46 per cent YoY) and real estate (+35 per cent YoY) are expected to register strong Q3 PAT growth. Sectors with the weakest Q3 numbers: Key meaty sectors that are expected to have a weak quarter include oil & gas (-4 per cent YoY, 18 per cent weight in earnings), utilities (-11 per cent YoY, 8 per cent weight in earnings), metals & mining (-8 per cent, 4 per cent weight in earnings) and consumer (flat YoY, 5 per cent weight in earnings).”
Today, companies like UCO Bank, KEI Industries, Tata Technologies, PNB Housing Finance, Indiamart Intermesh, India Cements, South Indian Bank, Jana Small Finance Bank, Servotech Renewable Power System, Indoco Remedies, ICICI Prudential Life Insurance Company, Dalmia Bharat, Aditya Birla Real Estate, Cyient DLM, Eureka Industries, and others are lined up to release their Q3 numbers.
Q3 Results Today Live Updates: UCO Bank,
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