KARNATAKA BANK LTD Q3 RESULTS
HDFC Life Q3 Preview: PAT may grow 21% YoY, margins to decline
HDFC Life is anticipated to see a 21% year-on-year increase in profit to Rs 443 crore in the third quarter. However, the value of new business growth is likely to be between 19-21% YoY, with a predicted decline in margins. Investors will monitor product mix, surrender value regulation changes, and bank channel sales guidance.
Angel One shares slide 6% even as Q3 PAT rises 8% YoY to Rs 281 crore
Angel One Share Price: Co reported an 8% YoY rise in Q3FY25 net profit to Rs 281.47 crore, with revenues growing 19.2%. The company declared a Rs 11 interim dividend and posted a 33.5% sequential decline in profit. Client base grew 7.4% QoQ, and gross client acquisition declined by 30.3%. The stock target price suggests a 39% upside.
Fund Manager Talk | Nifty down 12% from peak, UTI AMC's Sharwan Goyal picks 3 sectoral ideas
Based on the historical performance analysis of different factors, typically, during periods of heightened market volatility, the Quality and Low Volatility factors have historically demonstrated relative outperformance.
Q3 results today: HDFC AMC, Network18 among 11 companies to announce earnings on Tuesday
HDFC AMC is likely to announce strong third quarter results with significant growth in revenue and profitability. Kotak Equities estimates a 21% increase in profit and revenue on a year-on-year basis. However, weak market performance might impact other income. HDFC AMC shares have dropped 16% in the last month.
Groww’s incoming IPO; Apple India’s export boom
Stock broking platform Groww is aiming for a public listing later in the year. This and more in today’s ETtech Top 5.
HDFC AMC Q3 Preview: Revenue may surge up to 36.4% YoY amid strong AUM growth
HDFC Asset Management Company (AMC) is set to report its Q3 results on January 14, with analysts forecasting a revenue growth of 34.6% to 36.4% YoY and a net profit rise of 16.6% to 23.9% YoY. QAAUM is expected to surge by 42% to 48.8% YoY, driven by strong equity AUM growth.
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Just Dial shares crack nearly 7% as Q3 results disappoint Street
Just Dial shares: Just Dial reported a 43% increase in net profit for Q3FY25, reaching Rs 131.31 crore. While its sequential profit declined, revenue rose slightly. The company also saw a 73% YoY growth in PAT for the nine-month period. Analysts maintain a 'Buy' recommendation with a target price of Rs 1,275, signaling a 23% upside from current levels.
DMart shares slide 6% post Q3 results. Should you buy, sell or hold?
Avenue Supermarts shares plunged 5.7% after disappointing Q3 results. Revenue grew 17.5% YoY, and profit increased 6.5% YoY, but EBITDA and PAT margins declined. Same-store revenue growth was at 8.3%. Anshul Asawa was appointed CEO Designate with effect from March 2025.
Q3 results this week: RIL, Infosys, HCL Tech, Jio Finance, Kotak Mahindra Bank among 101 companies to announce earnings
The Q3 earnings season continues with major companies such as HCL Technologies, Infosys, Axis Bank, Reliance Industries, and Wipro reporting their results this week. Key dates include announcements from Anand Rathi Wealth and Tata Elxsi on January 13, followed by HDFC Life Insurance and Infosys on January 16. Market participants await insights from these reports to gauge future trends.
Metal sector Q3FY25 earnings to be a mixed bag. Vedanta, Coal India among 8 top brokerage buys
Metal stocks are under focus as Q3FY25 earnings approach, with brokerages recommending select picks. Non-ferrous companies like NALCO, NMDC, and Hindalco are favored for strong margins. Steel companies, including JSPL and Tata Steel, face mixed profitability outlooks. Nomura expects price hikes and lower costs to aid non-ferrous companies, while steel faces pressure from lower prices.
More confident and positive about 2025 compared to 2024; 2026 will be even better: TCS CEO K Krithivasan
TCS leaders are confident about future growth and advancements. They highlight investments in AI, talent development, and technology modernization. Growth opportunities in client decision-making, regional markets, and internal efficiency boosts from Generative AI are anticipated. Positive trends in North America banking and sizable hiring of new employees are also expected to enhance productivity.
TCS Q3 profit up 3.9% quarter-on-quarter, lags estimates
Tata Consultancy Services reported a modest sequential net profit growth of 3.9% to Rs 12,380 crore in Q3FY25 amidst reduced demand in the US and UK markets and declining discretionary tech spending. Revenue saw a 0.44% decrease, and headcount dropped by 5,370 employees. Despite the downturn, TCS remains hopeful for a better fiscal year ahead.
IREDA Q3 PAT up 27% YoY backed by higher income
Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for Q3 grew by 26% to Rs 425.4 crore, driven by higher interest income, increased loan sanctions, and lower borrowing costs. Revenue rose 36% to Rs 1,698 crore. The company's loan portfolio expanded to Rs 68,960 crore, supported by increased disbursements and improved asset quality.
Corporate earnings season starts: Will Q3 reverse the trend?
Tata Consultancy Services has kicked off the third-quarter earnings season, with analysts predicting gradual recovery in revenues and profits. Financials may drive modest earnings growth, while sectors like cement, metals and FMCG face challenges. Markets remain volatile, influenced by concerns over earnings downgrades and foreign outflows.
TCS to announce Q3 results today. 6 key things to track
TCS Q3 Results: Emkay Global expects TCS shares to trend sideways to negative, with support at Rs 4,000 and Rs 3,900 and resistance at Rs 4,170-4,280. A buying opportunity is seen in the support band. A short build-up was noted, with open interest at $580 million, below its 1Y mean. Max OI is at Rs 4,200/3,800 strikes, with call and put additions observed.
Banks to see muted growth and margin trends, asset quality pressure going into Q3: Param Subramanian
Growth in loans and deposits across Indian banks has slowed down due to tight liquidity and significant FII outflows. This is affecting their margins and CASA deposits. Banks with exposure to riskier segments like microfinance and credit cards are facing more pressure. Experts suggest focusing on top banks like ICICI, SBI, and Federal Bank.
Dark clouds loom! Q3 results could mark a downgrade hattrick for India Inc
Nuvama maintains a defensive portfolio, overweight in private banks, insurance, and sectors like pharma and cement, while underweight in industrials and PSU banks due to potential downgrades. CLSA favors commodities and insurance, while underweighting IT and industrials. CLSA also increased its focus on staples, adding Tata Motors, NTPC, Nestle, and Britannia, and removed HDFC Bank from its portfolio.
After two muted quarters, earnings woes for banks are likely to continue in Q3. Here are 5 top picks ahead of the results season.
Indian banks are expected to face continued earnings pressure in Q3 due to subdued credit growth, rising funding costs, and NIM compression. Private banks may have better earnings momentum than public sector peers, supported by stronger asset quality and fee income growth.
3 investment themes where you can see stock re-ratings in 2025: Hiren Ved
Hiren Ved of Alchemy Capital highlights that the stock market remains in a corrective consolidation phase, heavily influenced by upcoming result seasons. He maintains a focus on themes such as CDMO, tech platforms, and higher-end consumption, expecting incremental growth in these sectors despite mixed performances in financial and consumption stocks.
HDFC Bank shares in focus after Q3 deposit growth outpaces loan growth by an extensive margin
HDFC Bank's deposit growth surpassed loan growth in the December 2024 quarter, with deposits increasing by 15.8% year-on-year and loans by 3%. Total gross advances stood at Rs 25.42 lakh crore, while deposits reached Rs 25.63 lakh crore. Retail loans grew by 10%, and corporate loans fell by 10.3%.
GDP growth may've picked up steam in Q3: Economists
Economic growth in India may have improved after the slowdown in the September quarter. Business activity showed signs of recovery in the third quarter. UPI transactions and GST collections increased. Government spending also improved, especially in infrastructure. However, manufacturing PMI declined. Overall, GDP growth for FY25 is expected to be below 7%, with estimates around 6.4% to 6.5%.
TCS Q3 results, FII action among 8 factors that could keep D-Street on toes this week
Nifty is expected to see movement due to various factors when markets reopen. These include Q3FY25 earnings reports, US market trends, FII/DII actions, and technical factors. IPOs and corporate actions will also influence the market. Changes in the Rupee vs Dollar and crude oil prices are critical as well. Traders should keep an eye on these elements.
HDFC Bank says Q3 deposit growth outpaces loan growth
HDFC Bank in India experienced higher deposit growth compared to loan growth in Q4 2023, with deposits rising by 4.2% and gross advances by 0.9%. The bank's loan-to-deposit ratio remains high at around 110%, prompting measures like selling retail loans. Indian banks overall show moderated loan growth for consecutive months.
YES Bank’s Q3 advances grow 12.6% to Rs 2.45 lakh crore, deposits up 14.6%
Yes Bank has announced that its loans and advances have grown by 12.6% year-on-year (YoY), reaching Rs 2,45,035 crore as of December 31, 2024, up from Rs 2,17,523 crore in the same period last year
South Indian Bank shares in focus as lender's Q3 gross advances jump 12% YoY
Shares of South Indian Bank are expected to remain in focus after reporting an 11.94% increase in gross advances for Q3FY24, reaching Rs 86,965 crore. Total deposits grew by 6.28% YoY, while Q2 profit increased by 18%, driven by a 6.3% rise in Net Interest Income.
IREDA shares rally 6% as Q3 loan disbursement jumps 41%
Indian Renewable Energy Development Agency or IREDA shares surged by 6% to Rs 227.70 following a strong Q3 update. Loan disbursements increased 41% YoY to Rs 17,236 crore, while loans sanctioned rose 129% YoY to Rs 31,087 crore. IREDA's outstanding loan book grew 36% YoY to Rs 69,000 crore. The stock, listed in November 2023, has delivered 113% returns but is down 28% from its 52-week high.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal and power stocks. Analysts predict range-bound movement due to economic concerns, Q3 results, and the upcoming Union budget, amidst mixed global market performances.
Bank of Baroda shares in focus as lender to raise Rs 10,000 crore via long-term bonds
Shares of state-owned Bank of Baroda (BoB) will be in focus on Thursday after the bank’s board approved raising up to Rs 10,000 crore through long-term bonds. The funds will be used to finance infrastructure and affordable housing projects.
Market looking at Q3 result season, Budget; not much movement likely in next 2-3 weeks: Harsha Upadhyaya
Kotak AMC's CIO, Harsha Upadhyaya, anticipates modest earnings growth in FY25, particularly in the second half. Market volatility is expected to persist in the short term, influenced by Q3 results and budget expectations. While consumption remains weak, Upadhyaya favors IT and pharma over textiles due to cyclical uptrends and growth opportunities.
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