The fiscal third quarter earnings season is already in full swing with major IT services companies in the likes of Tata Consultancy Services (TCS), Infosys, HCL Tech, Tech Mahindra, Wipro, and a number of firms including oil-to-telecom-to-retail conglomerate Reliance Industries (RIL), Axis Bank, Shoppers Stop, LTIMindtree, and several others already having released their Q3 numbers.
While Q3 results season started with focus on the IT services industry, this week, the focus will be on banking heavyweights with majors like HDFC Bank, ICICI Bank lined up to release their quarter results. Axis Bank, meanwhile, has already released its Q3 results. The banking sector, per Elara Capital, is expected to post weaker earnings with softer undertones. “The earnings will likely be characterized by: a) softer loan growth (modest system loan growth) and similar deposit growth, b) NIM pressure with sustained funding cost strain and interest income reversal, c) higher slippages in unsecured, MFI and KCC loans (seasonal) and d) subdued recovery trends (shrinking pool), which means net slippages may rise for some. In a nutshell, credit costs may move toward normalization,” the brokerage firm said.
Meanwhile, according to JM Financial, Q3 is set to be a quarter of modest performance with Nifty50 PAT growth expected at 5.8 per cent YoY (ex-BFSI, growth is weaker at 2.1 per cent YoY).
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While it is still to be seen how the third quarter performs for India Inc, here is a list of the companies queued up to release their Q3FY25 results this week. Around 246 companies are set to announce their Q3 numbers this week…
January 20: Companies like Zomato, Oberoi Realty, One 97 Communications Paytm, L&T Finance, Karur Vysya Bank, Jammu and Kashmir Bank, Indian Railway Finance Corporation, Indian Overseas Bank, IDBI Bank, Central Bank of India, APL Apollo Tubes, ICICI Securities,
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