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Wipro, Tech Mahindra Q3 Results Live Updates: With the IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, and oil-to-telecom-to-retail conglomerate Reliance Industries (RIL) already having released their fiscal third quarter results, the Q3 earnings season is now in full swing.
Today, IT majors like Wipro and Tech Mahindra and other biggies including SBI Life Insurance Company, Ramkrishna Forgings, Sterlite Technologies, Jio Financial Services, Indian Hotels Company, ICICI Lombard General Insurance Company, Aether Industries, Gujarat Hotels, among others, will release their Q3 numbers for the financial year 2024-25.
During the third quarter, companies are expected to turn in a better performance as compared to the previous quarter even as the current quarter comes against the backdrop of a slowing economy characterised by weak consumer demand and modest increases in investments. According to Kotak Institutional Equities, net profit for the Nifty50 companies is expected to grow at 9 per cent YoY on the back of a 4.3 per cent rise in revenues. For the BSE 30 set of companies, net profits are estimated to go up by 7.2 per cent YoY due to a rise in sales of 5.7 per cent YoY.
Also Read Here are 4 things you need to know about RIL shares ahead of Q3 results Here are 6 things you need to know about Infosys shares ahead of Q3 earnings HCL Tech Q3 Results Highlights: Profit rises by 5.54% at Rs 4,591 crore, attrition rate at 13.2%; dividend declared RIL Q3FY25 Results: Mukesh Ambani led-Reliance Industries to announce Q3 results next week- Here’s what to expect
During this weekend, companies like Kotak Mahindra Bank, DCM Shriram, Netweb Technologies India, RBL Bank, Can Fin Homes, among a few others, will release their Q3 numbers.
Q3 Results Today Live Updates: Wipro, Tech Mahindra, SBI Life, Jio Financial Services, ICICI Lombard Earnings News Live
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