HDFC Asset Management Co. and Shoppers Stop Ltd. are among the top names that will announce their earnings for the third quarter on Tuesday.
HDFC AMC is likely to clock a net profit of Rs 629 crore and a revenue of Rs 949.4 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.
The asset management company reported a 32% year-on-year growth in profit after tax to Rs 576.6 crore for the three months ended Sept. 30, 2024, on a 38% rise in total income to Rs 1,058.2 crore. Analysts had estimated the net profit to be at Rs 606 crore.
The press conference will be held in the evening, after the release of the financial statement on the stock exchanges.
Shoppers Stop is likely to report a net profit of Rs 37 crore and revenue of Rs 1,285.2 crore for the third quarter, according to the estimates.
The company had reported a net loss of Rs 20.6 crore in the quarter that ended September as compared to a Rs 2.73-crore profit in the corresponding quarter previous year. The revenue went up by 7.3% year-on-year to Rs 1,114.9 crore.
The list of companies reporting their third-quarter results on Tuesday includes Atishay Ltd., Benares Hotels Ltd., Golkunda Diamonds & Jewellery Ltd., Hathway Cable & Datacom Ltd., HDFC Asset Management Co., Network18 Media & Investments Ltd., Shoppers Stop Ltd., Sayaji Hotels (Pune) Ltd., Sita Enterprises Ltd., SRM Energy Ltd. and Swastik Safe Deposit & Investments Ltd.
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