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Q3 results next week: Infosys, Wipro, Axis Bank among over 60 companies to release earnings report

Upstox

3 min read | Updated on January 10, 2025, 17:24 IST

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SUMMARY

More than 60 companies are scheduled to announce results between January 13 and January 17. Infosys, Wipro, HCL Technologies, Tech Mahindra, Kotak Mahindra Bank, L&T Technology Services, LTI Mindtree, HDFC AMC and HDCF Life Insurance are among the companies that will announce their quarterly financial results in the coming week.

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Q3 results next weeks: Infosys, Wipro, Axis Bank among over 60 companies to release earnings report

The earnings season for the third quarter of the current financial year kicked off this week with IT giant TCS releasing its Q3 results on January 9. The investors will keep a keen watch on the release of earnings reports for the December quarter (Q3FY25) next week as more than 60 companies are scheduled to announce results between January 13 and January 17.

Infosys, Wipro, HCL Technologies, Tech Mahindra, Kotak Mahindra Bank, L&T Technology Services, LTI Mindtree, HDFC AMC and HDCF Life Insurance are among the companies that will announce their quarterly financial results in the coming week.

HCL Technologies, Delta Corp, and Angel One are among the companies that will announce results on Monday, January 12.

HDFC Asset Management Company, Network 18 Media & Investments and Shoppers Stop, among others, will declare financial results on Tuesday.

HDFC Life Insurance Company and L&T Technology Services will declare results on Wednesday while Infosys, Axis Bank and LTI Mindtree will announce quarterly results on Thursday. Wipro, Tech Mahindra, SBI Life Insurance Company and ICICI Lombard General Insurance Company are scheduled to announce results on Friday while Kotak Mahindra Bank will declare results on Saturday.

Here is list of major companies that are announcing results next week

HCL Technologies

Leading IT services player HCL Technologies is scheduled to release quarterly results on Monday. According to Investing.com, the company is projected to report revenue of ₹30,027 crore for the December quarter against ₹28,862 crore in the September quarter. Investors will focus on management commentary on performance, outlook for the present quarter, profit numbers, and new deal wins.

Infosys Ltd

The country’s second-largest IT services player Infosys will announce its financial results on Thursday, January 16. According to Investing.com, the company is expected to report revenue of ₹41,278 crore for the December quarter. Infosys reported a 5% year-on-year growth in revenue for the September quarter at ₹40,986 crore. Its results will remain in focus as IT bellwether TCS reported over 5% YoY rise in revenue for the second quarter of FY25.

Wipro Ltd

India’s third major IT player Wipro Ltd will announce results on Friday. Experts believe the company to report revenue of ₹22,040 crore for the December quarter. Investors will focus on steps of the Chief Executive Officer to turnaround the business, impact of senior management exits, margins and revenue guidance for the fourth quarter.

In Q2FY25, the IT major reported a 6.8% quarter-on-quarter (QoQ) growth in net profit at ₹3,210 crore. On a YoY basis net profit grew 21.3%. Its gross revenue in the September quarter stood at ₹22,300 crore, up 1.5% QoQ. However, the company’s revenue dropped marginally by 1% YoY.

Tech Mahindra

Tech Mahindra will also announce its financial results on Friday. Investors will focus on revenue growth, its performance in key business verticals, margins expansion and attrition levels. The company reported over 3% YoY rise in revenue to ₹13,313 crore in the September quarter.

Axis Bank

Private lender Axis Bank wil announce its financial results on January 16. Investing.com expects the company to report total income of ₹20,118 crore for the December quarter.

The bank reported a 9% YoY growth in net interest income (NII) to ₹13,483 crore in the September quarter. Investors will focus on its gross NPAs, advances and bad loan provisions.

In addition to these companies, Kotak Mahindra Bank will also announce results on Saturday, January 18.

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