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  5. Upcoming Q3 results: Infosys, RIL, HDFC Life, Axis Bank, LTI Mindtree among companies to announce earnings this week; check full list

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Upcoming Q3 results: Infosys, RIL, HDFC Life, Axis Bank, LTI Mindtree among companies to announce earnings this week; check full list

Upstox
By Upstox News Desk

6 min read | Updated on January 14, 2025, 16:29 IST

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SUMMARY

Despite TCS registering stronger-than-expected results, both the NIFTY and the SENSEX have fallen nearly 2.5% so far in January. On Tuesday, the indices posted marginally recovery after falling to 7-month lows in the previous session. Investors would now be keeping a close eye on the upcoming results announcements.

Stock list

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Upcoming Q3 results: Infosys, RIL, HDFC Life, Axis Bank, LTI Mindtree among companies to announce earnings this week; check full list

The earnings season has finally kicked in and as many as eight NIFTY50 firms are set to declare their December 2024 quarter earnings this week by Friday, December 17.

Equity benchmark indices have started to feel the weight of growing concerns over Q3 earnings post a disappointing Q2 performance. After Tata Consultancy Services Ltd (TCS) became the first one to announce its Q3 numbers on January 9, markets have shown a consistent slide.

Despite TCS registering stronger-than-expected results, both the NIFTYand the SENSEX have fallen nearly 2.5% so far in January. On Tuesday, the indices posted marginally recovery after falling to 7-month lows in the previous session.

Investors would now be keeping a close eye on the upcoming results announcements. Here’s a look at the companies that will release their Q3 numbers in the next couple of days and set direction for the broader markets:

HDFC Life (January 15)

Private life insurer HDFC Life is expected to report double-digit growth in annual premium equivalent (APE) for Q3 FY25 on the back of new premium policies. Analysts are expecting APE to be in the range of ₹3,410 crore to ₹3,870 crore for the December quarter, while the value of new business (VNB) is projected at ₹826 crore to ₹970 crore.

The company’s APE jumped 26.7% year-on-year in Q2 FY25 to ₹3,858 crore compared, while VNB stood at ₹938 crore.

Meanwhile, the HDFC Life stock has remained flat in the past one year, slipping just 2.7% during the period. In the past one month, the share price is down 5.8%.

Infosys (Jan 16)

Infosys Ltd is expected to post lacklustre numbers in Q3FY25 on the back of seasonal weakness. Revenue is expected in the range of ₹40,699 crore to ₹41,246 crore, net profit is seen at ₹6,438 crore to ₹6,893 crore, according to market experts.

In the previous quarter ended September, the IT giant’s revenue jumped 5.1% YoY to ₹40,986 crore, while profit came at ₹6,506 crore.

Infosys shares have declined 2.3% in the one-month period, but have jumped over 17% in the last one year.

Axis Bank (Jan 16)

India’s third-largest private lender Axis Bank is expected to report a muted growth in net interest income (NII) and net profit for the December quarter due to moderate loan growth. The bank’s NII is expected at ₹13,709 crore to ₹13,793 crore, while profit is estimated at ₹6,236 crore to ₹6,540 crore. In Q2 FY25, the bank’s NII stood at ₹13,483 crore, while net profit was ₹6,918 crore, according to reports.

Axis Bank shares are down 8.7% in the past month and 6.2% in the past one year.

Reliance Industries (Jan 16)

Reliance Industries is expected to see underwhelming earnings growth in Q3FY25 due to its sluggish core business. Experts predict that the strong earnings from the telecom business are likely to be balanced out by weaker performance in the energy segment and slower growth in the retail business. In Q2FY25, RIL had reported a 4.8% year-on-year decline in consolidated profit at ₹16,563 crore. Its consolidated revenue came in at ₹2.31 trillion, marginally lower than a year ago.

RIL shares are down 2.5% in the past one month and 11.2% in the past one year.

LTI Mindtree (Jan 16)

IT services major LTIMindtree’s Q3 earnings are expected to take a hit of wage hikes. In July 2024, the company had announced that it would be rolling out annual salary increments in the October-December quarter. Analysts believe that its impact could reflect in the company’s margins during the third quarter. In Q2FY25, LTI Mindtree’s consolidated net profit stood at ₹1,251.6 crore on a revenue of ₹9,432.9 crore.

Notably, LTI Mindtree shares have plunged 15% in the past one month and almost 9% in the past one year.

SBI Life (Jan 17)

Leading insurer SBI Life Insurance Co. Ltd is expected to post steady business growth in Q3 FY25 due to growing popularity of group insurance policies from companies focusing on employee benefits. This is expected to boost overall premium collection for the company. In Q2FY25, SBI Life’s consolidated net profit stood at ₹529 crore, while net premium income was ₹20,266 crore during the period.

SBI Life shares have gained 5.6% in the past month. In the last one year, the stock is up 5%.

Tech Mahindra (Jan 17)

IT company Tech Mahindra Ltd is likely to deliver muted growth on account of a high base and the seasonality factor, say analysts. Revenue growth may be limited and profit may fall compared with the previous quarter ended September 2024.

Revenue is pegged in the range of ₹13,275 crore-₹13,384 crore in Q3 FY25, while profit is projected at ₹966 crore-₹1,128 crore. In Q2 FY25, the company posted revenue of ₹13,313.2 crore, while consolidated net profit stood at ₹1,250 crore, according to experts.

Tech Mahindra shares are down more than 7% in the past one month, but are up over 23% in the last one year.

Wipro (Jan 17)

IT firm Wipro is expected to report a double-digit rise in profit for the December quarter, while revenue growth may be flat with a negative bias, according to analysts.

Revenue in Q3FY25 is expected to be in the range of ₹22,466-₹22,781 crore, while profit is seen at ₹3,040-₹3,227 crore. In Q2FY25, revenue from operations stood at ₹22,302 crore, while net profit stood at ₹3,209 crore.

Wipro shares are down more than 5% in the past one month, but have rallied 18.5% in the past one year.

Apart from the NIFTY 50 companies, the investors will also keep a watch on the earnings reports of the key player across sectors like Indian Hotels (Jan 17), Jio Financials (Jan 17), Waaree Renewable Technologies (Jan 16), Bank Of Maharashtra (Jan 15), and Havells India (Jan 16), among others.

Full list of companies scheduled to release Q3 results this week:

January 15: Oracle Financial Services Software, L&T Technology Services, Bank of Maharashtra, Punjab & Sind Bank, Authum Investment & Infrastructure, Ceat, Maharashtra Scooters, Transrail Lighting, Oriental Hotels, NELCO, Aeroflex Industries, Reliance Industrial Infrastructure, Krishana Phoschem, Mahindra EPC Irrigation, DB (International) Stock Brokers, MRP Agro, TCI Industries, Kamadgiri Fashion, Jagsonpal Finance and Leasing and Viji Finance.
January 16: Reliance Industries, Infosys, Axis Bank, Alok Industries , Bhansali Engineering Polymers , DB Corp , Digicontent , GG Automotive Gears , Hatsun Agro Product , Havells India , Hawa Engineers, Julien Agro Infratech , Kesoram Industries , LTIMindtree , Mahesh Developers , Mastek , Metro Brands , Mudra Financial Services , Plastiblends India, Sellwin Traders , Shekhawati Industries , and Shemaroo Entertainment, Radhika Jeweltech, and Sanathnagar Enterprises.
January 17: Wipro, Jio Financial Services, Tech Mahindra, SBI Life Insurance Company, Indian Hotels Company, ICICI Lombard General Insurance Company, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing Corporation, Rallis India, Sterlite Technologies, Rajoo Engineers, Swaraj Engines, Steel Strips Wheels, SG Finserve, Seshasayee Paper and Boards, Concord Enviro Systems, 5paisa Capital, Amal, Vinyl Chemicals (India), Ponni Sugars (Erode), Nettlinx, MRO-TEK Realty, Excel Realty N Infra, Atlas Cycle Industries, Sacheta Metals, Next Mediaworks, Roselabs Finance and Continental Controls.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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