STATE BANK OF INDIA Q3 RESULTS
Q3 results today: HCL Tech, Angel One among 14 companies to announce earnings on Monday
HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to increase between 4.3% and 6.8% in the third quarter. The company's adjusted net profit is anticipated to grow between 1.2% and 8.2%, according to analyst estimates.
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.
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.
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.
DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%
The retailer's EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased to 5% vs 5.5% on a YoY basis.
Just Dial Q3 results: PAT jumps 43% YoY to Rs 131 crore, revenue up 8%
Just Dial reported a 43% YoY rise in Q3FY25 net profit to ₹131.31 crore, with revenue up 8.4% to ₹287.33 crore. Sequentially, profit declined 15%.
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Tata Elxsi shares crack 8% after brokerages cut target price post Q3 results
Tata Elxsi share price plunged 7.9% after reporting a 3% decline in net profit for Q3 FY24. The company's revenue increased by 3% YoY, while the automotive sector faced significant challenges, impacting new deals. Tata Elxsi experienced project delays and target price cuts from brokerage firms.
IREDA shares dip 3% after reporting Q3 results
IREDA share price: In Q3FY25, total revenue from operations rose by 35.6% year-on-year, reaching Rs 1,698.45 crore, compared to Rs 1,252.85 crore in the same quarter of the previous financial year.
IREDA Q3 Results: PAT jumps 27% YoY to Rs 425 crore, revenue surges 36%
IREDA Q3 Results: IREDA reported a net profit increase of 27% for the December quarter, amounting to Rs 425.38 crore. The total revenue from operations rose by 35.6% to Rs 1,698.45 crore. Sequentially, their profit grew by 10%.
Spotify India loss narrows, revenue strikes a high note
Spotify India reported a net loss of ₹143 crore for 2023-24, a 58% decline compared to the previous fiscal. Operating revenue surged 93% to ₹321 crore. Subscription revenue increased by 90% to ₹167 crore, and advertising revenue soared 114% to ₹135 crore. The platform's monthly active users are 70 million, with increased engagement.
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.
45 companies could report double-digit profit slump in Q3. Are your stocks on this list?
India Inc is bracing for mixed Q3 results, with earnings growth expected to slow. Analysts predict a 2% Nifty EPS growth for FY25, with many companies facing challenges like sluggish demand, high input costs and weak margins. Sectors like cement, oil and gas and consumer goods are hit hardest, while financials, technology and real estate are expected to show modest growth.
TCS to pay Rs 10 per share as interim dividend and Rs 66 per share as special dividend
TCS Q3 Dividend News: The Board of TCS approved a third interim dividend of Rs 10 per share and a special dividend of Rs 66 apiece for the financial year ending March 2025.
Tata Elxsi Q3 Results: Profit falls 3% YoY to Rs 199 crore, revenue rises 3%
Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.
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.
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.
Auto stocks among the weakest links in markets for 3 months now. Will Q3 results rev up sentiments?
The auto sector is facing mixed performance in Q3, with passenger vehicles benefiting from festive demand, while two-wheelers and commercial vehicles struggle due to inventory corrections and weaker demand. Tractors saw strong growth, with Mahindra & Mahindra expected to lead. Analysts favor Maruti Suzuki and M&M, while TVS Motor is preferred for two-wheelers.
Microsoft’s $3 billion India AI bet; Mobikwik earnings
Microsoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
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.
FIIs bet $1 billion on IT stocks before Q3 results. Does it signal a happy new year?
Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth driven by macroeconomic stability and the anticipated US rate cuts. Analysts predict strong performances from HCL Tech, Coforge, and Persistent, with Infosys, Wipro, and LTIMindtree being top picks.
Union Bank of India shares fall over 7% on weak Q3 business update
Union Bank's Q3FY25 deposits rose 3.8% YoY to Rs 12.16 lakh crore but declined 2% QoQ. Advances grew 5.9% YoY to Rs 9.49 lakh crore, with a 2.2% sequential increase. The modest growth reflects a mixed performance in key financial metrics during the quarter.
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%.
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.
Vedanta Q3 Update: Aluminium production jumps 3% YoY to 614 kt, Zinc India down 2%
Vedanta posted a Rs 5,603 crore profit in Q2 FY24, rebounding from a Rs 915 crore loss last year, despite a 4% YoY decline in revenue to Rs 37,171 crore, reflecting improved operational performance and recovery.
REC overall loan disbursements up 18 pc to Rs 54,692 cr in Q3
State-owned REC Ltd on Friday said its overall loan disbursements increased by nearly 18 per cent to Rs 54,692 crore in the December 2024 quarter.
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.
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