KEY HIGHLIGHTS
Reliance Retail Q3 Live Updates: Grocery Standout Performer
Grocery was the standout performer, said Taluja, with broad-based growth continuing across various categories. The online grocery business is benefiting from the existing infrastructure and network, and its average order value is among the highest in the industry, he added. The value proposition of the online grocery business lies in offering a wider range of products to customers, he further stated.
Source: Earnings Con Call
Reliance Retail Q3 Live Updates: Fashion, Lifestyle See Strong Turnaround
CFO Dinesh Taluja of Reliance Retail stated that the fashion and lifestyle business experienced a strong turnaround after facing headwinds in the previous quarters.
He also highlighted that the contribution of digital and new commerce to total revenue remains steady at 18%. The consumer electronics, apparel, and footwear businesses saw growth driven by the festive season, with a continued focus on improving business and offerings for Ajio, he added.
Source: Earnings Con Call
Infosys Q3 Live Updates: ADR Dips Post Q3 Results
The tech giant's ADR is trading 4.72% lower at $21.81, as of 08:26 p.m.
Reliance Jio Q3 Live Updates: Jio's AI Cloud
Jio's AI Cloud offering has raised the bar by providing 100GB of cloud space to all Jio users free of cost, said Thomas. The company is also working on additional integrations, such as DigiLocker, and offering multiple tools to edit photos and videos. Currently, this has been launched as a beta offering and is expected to be fully launched in the next quarter, he added.
Source: Earnings Con Call
Reliance Jio Q3 Live Updates: AI Platform JioBrain In The Works
Thomas said that the company is focused on setting up AI-ready infrastructure in the nation and aim to deliver various innovative partnerships. He added that they are building on the AI platform JioBrain, which is currently available to consumers through beta offerings.
Source: Earnings Con Call
Reliance Jio Q3 Live Updates: Exclusive Service Providers Pan-India
CEO Thomas highlighted that they are being selected as exclusive service providers on a pan-India basis, and across the board, connectivity is steadily getting strengthened.
Source: Earnings Con Call
Reliance Jio Q3 Live Updates: Significant Number Of Connections Not Urban
CEO Thomas mentioned that Reliance Jio is starting to see a significant number of new AirFiber connections coming from outside urban centers, and they see a greenfield opportunity to connect over 100 million homes with AirFiber.
Source: Earnings Con Call
Reliance Jio Q3 Live Updates: True5G Story Of Steady Growth
CEO Kiran Thomas of Reliance Jio said that True5G has been a story of steady growth, and as soon as a customer acquires a 5G smartphone, they can utilise the True5G network, with 70% of new phone purchasers ultimately becoming Jio customers.
Source: Earnings Con Call
Q3 Live Updates: Reliance Retail Profit Up 10%
Reliance Retail Ventures Q3 Highlights (Consolidated, YoY)
Net profit rose 10% to Rs 3,458 crore versus Rs 3,145 crore.
Revenue increased 7% to Rs 79,595 crore versus 74,373 crore.
Ebitda rose 9% to Rs 6,828 crore versus Rs 6,238 crore.
Margin expanded 20 basis points to 8.6% versus 8.4%.
RIL Q3 Live Updates: Segment-Wise Breakdown
Reliance Industries Q3 Highlights (Consolidated, QoQ)
O2C Revenue down 4% to Rs 1.49 lakh crore versus Rs 1.55 lakh crore.
Oil & Gas Revenue up 2% to Rs 6,370 crore versus Rs 6,222 crore.
Retail Revenue up 18% to Rs 90,351crore versus Rs 76,325 crore.
Digital Revenue up 4% to Rs 39,733 crore versus Rs 38,055 crore.
Other Revenue up 5% to Rs 12,236 crore versus Rs 11,623 crore.
Q3 Live Updates: Metro Brands Profit Slips 4%
Metro Brands Q3 Highlights (Consolidated, YoY)
Revenue up 10.6% to Rs 703 crore versus Rs 636 crore.
Ebitda up 13.1% to Rs 225 crore versus Rs 199 crore.
Ebitda margin at 32% versus 31.3%.
Net profit down 3.7% to Rs 95.1 crore versus Rs 98.8 crore.
Q3 Live Updates: Reliance Jio Profit Rises 4%
Reliance Jio Infocomm Q3 Highlights (Consolidated, QoQ)
Revenue up 3.6% to Rs 29,307 crore versus Rs 28,338 crore.
Ebitda up 3% to Rs 15,478 crore versus Rs 15,036 crore.
Ebitda margin at 52.8% versus 53.1%.
Net profit up 4% to Rs 6,477 crore versus Rs 6,231 crore.
Net subscriber addition at 3.3 million.
ARPU at Rs 203.3 versus Rs 195.1 (QoQ).
Q3 Live Updates: Reliance Industries Revenue In Line With Estimates
Reliance Industries Q3 Highlights (Consolidated, QoQ)
Revenue up 3.6% to Rs 2,39,986 crore versus Rs 2,31,535 crore (Bloomberg Estimate: Rs 2,42,278 crore).
Ebitda up 12% to Rs 43,789 crore versus Rs 39,058 crore (Bloomberg Estimate: Rs 41,627 crore).
Ebitda margin at 18.2% versus 16.9% (Bloomberg Estimate: 17.2%).
Net profit up 14% to Rs 21,930 crore versus Rs 19,323 crore (Bloomberg Estimate: Rs 18,337 crore).
Q3 Live Updates: Havells India Declares Interim Dividend
The consumer electronics company declared an interim dividend of Rs 4, as per an exchange filing, to all shareholders having a stake in the company as of record date Jan. 22.
Q3 Live Updates: Axis Bank Q3 Performance
Dive deeper into the financial performance of Axis Bank for the quarter ended December.
LTIMindtree Q3 Live Updates: Verticals See Subdued Growth
The majority of the verticals registered subdued growth, as per a press release shared by the company after the announcement of their Q3 results. On a YoY basis, revenue from Technology, Media and Communications grew 8.9%; Manufacturing and Resources grew a mere 0.1%; BFSI grew 7.5%; Healthcare, Life Sciences, and Public Services grew 1.8%; and Consumer Business growth grew 1.8%.
Axis Bank Q3 Live Updates: Through-Cycle Guidance On Margins At 3.8%
Puneet Sharma stated that the bank's through-cycle guidance on margins is 3.8%. He added that the bank is committed to defending this target and expressed confidence that they will comfortably maintain it in the current macro environment.
Source: Earnings Con Call
Q3 Live Updates: Reliance Industries Shares End Positive Ahead Of Results
Shares of Mukesh-Ambani owned Reliance Industries Ltd. ended 2.71% higher at Rs 1,568.40 apiece on NSE, as compared to a 0.42% advance in the benchmark NSE Nifty 50.
Reliance Industries is India’s largest conglomerate by market capitalisation as well as revenue. The company is also India’s largest exporter, accounting for 7% of India's total merchandise exports. The core businesses of RIL are petrochemical, refining, and oil and gas-related operations.
Axis Bank Q3 Live Updates: Corrective Actions Taken
Arjun Chowdhry, group executive of retail lending, said that corrective actions have been taken, such as raising income cut-offs, orienting acquisition efforts to a specific set of customers, and reviewing customer leverage. He also highlighted that there is a certain level of overleveraging occurring in the system currently.
Source: Earnings Con Call
Axis Bank Q3 Live Updates: Haven't Exceeded 15-Year Averages
Sharma also explained that the margin drop is primarily due to higher credit costs and a higher LCR. He noted that there are increased risks in certain retail segments, which are pan-market and not specific to Axis Bank. However, he added that the bank has not exceeded its 15-year averages.
Source: Earnings Con Call
Axis Bank Q3 Live Updates: Breakup Of Slippages
CFO Sharma mentioned that Q3 is seasonally heavy on slippages due to the agricultural sector. He provided a breakup of the slippages as follows:
Rs 4,923 crore in retail,
Rs 215 crore in SME,
Rs 294 crore in wholesale.
Source: Earnings Con Call
Axis Bank Q3 Live Updates: Not Anticipating Material Jump In Provisions, Says CFO
CFO Puneet Sharma stated that he does not anticipate a material jump in provisions and does not foresee much volatility in this figure. He added that most provisions are related to retail unsecured loans, and corrective actions have been taken in this segment.
Source: Earnings Con Call
Axis Bank Q3 Live Updates: Wholesale Segment Seeing Higher Transaction Flows
Chaudhry mentioned that the wholesale segment is seeing higher transaction flows, leading to better current account balances, and that digital activities of Citibank customer accounts have shown improvement following the successful transition in Q2, positioning the bank well in the current macro environment.
Source: Earnings Con Call
Axis Bank Q3 Live Updates: Progressing Towards Being All-Weather Franchise
CEO Chaudhry mentioned that the bank has significantly progressed toward becoming a resilient all-weather franchise. He also noted that the normalisation of retail asset quality is in progress and is expected to settle in a quarter.
Source: Earnings Con Call
Q3 Live Updates: Havells Sees Nearly 4% Decline In Net Profit
Havells India Q3 Highlights (Consolidated, YoY)
Revenue up 10.8% to Rs 4,889 crore versus Rs 4,414 crore.
Ebitda down 1.6% to Rs 426 crore versus Rs 433 crore.
Ebitda margin at 8.7% versus 9.8%.
Net profit down 3.5% to Rs 278 crore versus Rs 288 crore.
Axis Bank Q3 Live Updates: Healthy Core Operating Performance
Amitabh Chaudhry, MD & CEO, stated that the bank delivered healthy core operating performance, although business growth has been slow this quarter. He also highlighted that the focus loan segments have grown at a reasonable pace and that the bank remains well-capitalised.
Source: Earnings Concall
LTIMindtree Q3 Live Updates: 5.6% YoY Revenue Growth In Constant Currency Terms
LTIMindtree Q3 Highlights (Consolidated, QoQ)
Revenue growth in CC terms at 1.8%.
Dollar revenue up 1.1% at $1.14 billion.
Q3 Live Updates: Hatsun Agro Net Profit Slips 29%
Hatsun Agro Product Q3 Highlights (YoY)
Revenue up 6.5% to Rs 2,010 crore versus Rs 1,887 crore.
Ebitda flat at Rs 214 crore.
Ebitda margin at 10.7% versus 11.3%.
Net profit down 28.7% to Rs 40.9 crore versus Rs 57.4 crore.
Q3 Live Updates: LTIMindtree Misses Profit Estimates
The IT firm's top line rose 2.4% over the previous three months to Rs 9,660.90 crore in the quarter ended December, according to an exchange filing on Thursday, missing the Rs 9,649-crore consensus estimate of analysts tracked by Bloomberg.
Infosys Q3 Live Updates: CFO On Fresher Hires
Jayesh Sangrajka, CFO of Infosys, stated that the company plans to hire 15,000 freshers this year and 20,000 freshers next year. He also mentioned that the contribution from the top 5 clients was impacted by furloughs.
Source: Earnings Presser
Q3 Live Updates: No AI Washing In Infosys, Says CEO
"I am not aware of AI washing within Infosys," said Parekh, adding that they are very clear about what they are doing with GenAI. "Clients are eager to use the small language models we are building and have been asking us to help create similar models for them. This is genuine GenAI work. For example, we built an agent for auditing for a professional services company. The work we are doing in GenAI is leading the industry, " he stated.
Source: Earnings Presser
Infosys Q3 Live Updates: Manufacturing Vertical Remains Slow
The manufacturing vertical remains slow, although the situation in Q3 is better than what was observed in Q2. The pipeline is strong, with large deals and mega deals in the works. However, the deal closure situation remains the same as it was in Q2, said CEO Parekh.
Source: Earnings Presser
Q3 Live Updates: LTIMindtree Reports Decline In Net Profit
LTIMindtree Q3 Highlights (Consolidated, QoQ)
Revenue up 2.4% to Rs 9,660.90 crore versus Rs 9,432.90 crore.
Ebit down 9% to Rs 1,328.90 crore versus Rs 1,458.20 crore.
Ebit margin at 13.8% versus 15.5%.
Net profit down 13% to Rs 1,086.70 crore versus Rs 1,251.60 crore.
Infosys Q3 Results: Confident On Growth Outlook In The US
Discretionary spend in consumer products vertical is also improving, said CEO Parekh, adding that financial services in Europe are also picking up. The company will wait and see the impact of change in US administration, he stated, expressing confidence on growth outlook in the US.
Source: Earnings Presser
Jio Financial Services Q3 Results: Date, Time, Earnings Schedule, And More
In its stock exchange filing, Jio Financial Services said it would declare results for its October-December quarter on Friday, Jan. 17.
"Please note that a meeting of the board of directors of the company is scheduled to be held on Friday, January 17, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the company for the quarter and nine months ended December 31, 2024," the company said.
A presentation to analysts will also be made available at 7:30 p.m., it said.
Infosys Q3 Results: All Verticals Saw Growth, Says CEO
All verticals and most geographies grew. Financial services in US continues to grow strongly, while automotive vertical in Europe continues to remain slow. In GenAI, we are developing over 100 new agents for deployment, said Salil Parekh, chief executive officer and managing director of the company.
Source: Earnings Presser
Infosys Q3 Results: Free Cash Flow At $1.3 Billion
Infosys' free cash flows for the quarter stood at $1.3 billion, higher than $839 million recorded last quarter.
Besides, the large deal total contract value came in at $2.5 billion, with 41% being net new. This compared with $2.4 billion recorded in the second quarter. The number of active clients stood at 1,876, with 6 added during the quarter.
Infosys Q3 Live Updates: Revenue And Net Profit Meet Estimates
The IT giant recorded revenue rise of 2% over the previous three months to Rs 41,764 crore in the quarter ended Dec. 31, 2024, according to an exchange filing on Thursday, in line with the Rs 41,331-crore consensus estimate of analysts tracked by Bloomberg.
Net profit of Rs 6,822 reported by the company is also in line with the Bloomberg estimate of Rs 6,787 crore.
Infosys Q3 Live Updates: 12-Month Attrition At 13.7%
Infosys Q3 Highlights (Consolidated, QoQ)
Revenue growth in CC terms at 1.7%.
Large deal contract value at $2.5 billion.
Last 12 months attrition at 13.7% versus 12.9%.
Dollar revenue at $4.9 billion versus $4.7 billion.
Infosys Q3 Live Updates: Delve Deeper
Take a look at Infosys' financial performance in the quarter under question here.
Q3 Live Updates: Infosys Net Profit Up 5%
Infosys Q3 Highlights (Consolidated, QoQ)
Revenue up 2% to Rs 41,764 crore versus Rs 40,986 crore.
Ebit up 3% to Rs 8,912 crore versus Rs 8,649 crore.
Ebit margin at 21.3% versus 21.1%.
Net profit up 4.7% to Rs 6,822 crore versus Rs 6,516 crore.
Q3 Live Updates: Axis Bank Net Profit Rises Nearly 4%
Axis Bank Q3 Highlights (Standalone, YoY)
Profit up 3.8% to Rs 870 crore versus Rs 867 crore (Bloomberg Estimate: Rs 6,297 crore).
NII up 9% to Rs 13,606 crore versus Rs 12,532 crore.
Gross NPA at 1.46% versus 1.44% (QoQ).
Net NPA at 0.35% versus 0.34% (QoQ).
NIM at 3.93% versus 3.99% (QoQ).
Q3 Live Updates: Exchanges Extend Gains For Third Straight Session
The NSE Nifty 50 and BSE Sensex extend gains for the third straight session on Thursday, ahead of Reliance Industries Ltd., Infosys Ltd., and Axis Bank Ltd. third quarter results. After a positive opening the Nifty 50 was range bound near 23,300.
The Nifty 50 ended 318.74 points or 0.42% higher at 23,311.80, and the Sensex ended 318.74 points or 0.42% higher to 77,042.82. During the session, the Nifty 50 rose 0.77% or 178.45 points at 23,391.65. The Sensex rose 0.78% or 595.42 points higher at 77,319.50.
Q3 Live Updates: Waaree Renewables Declares Interim Dividend
The renewable technologies company declared an interim dividend of Re 1, as per an exchange filing, with Jan. 24 being the record date to ascertain the eligibility of shareholders.
Q3 Live Updates: HDFC Life Gets 'Buy' From Centrum Broking
Centrum Broking maintains 'buy' on the life insurer post their solid Q3 performance, continuing to value the company at an unchanged 2.2 times FY27E P/EV (40% discount to mean) for a target price of Rs 780, reflecting a 31% upside. Read Centrum's take here.
Waaree Renewable Technologies Q3 Live Updates: All You Need To Know
Dive deeper into the quarterly performance of Waaree Renewable Technologies here.
Q3 Live Updates: Sterling & Wilson Share Price Hits Upper Circuit
Sterling and Wilson Renewable Energy Ltd. share price hit the 10% upper circuit as the company reported that its profit had quadrupled during the October–December quarter. The company reported that its consolidated Ebitda surged 333.9% on the year to Rs 70.3 crore in the third quarter from Rs 16.2 crore.
Q3 Live Updates: Kesoram Industries Net Loss Widens
Kesoram Industries Q3 Highlights (Consolidated, YoY)
Revenue down 1.4% to Rs 65.5 crore versus Rs 66.4 crore.
Ebitda loss at Rs 6.2 crore versus a loss of Rs 8.7 crore.
Net loss at Rs 69.2 crore versus a loss of Rs 49.2 crore.
Q3 Live Updates: Mastek Reports Flat Revenue Growth
Mastek Q3 Highlights (Consolidated, QoQ)
Revenue up 0.2% to Rs 870 crore versus Rs 867 crore.
Ebit up 0.6% to Rs 124 crore versus Rs 123 crore.
Ebit margin at 14.3% versus 14.2%.
Net profit down 26.4% to Rs 94.7 crore versus Rs 129 crore.
Q3 Live Updates: Waaree Renewable Profit Falls 16.7%
Waaree Renewable Technologies Q3 Highlights (Consolidated, YoY)
Margin at 20% versus 27%.
Ebitda down 18% to Rs 72 crore versus Rs 88 crore.
Revenue up 11% to Rs 360 crore versus Rs 324 crore.
Net profit down 16.7% to Rs 53.5 crore versus Rs 64.2 crore.
Q3 Live Updates: Ceat Shares Hits Nearly Three-Month Low As Q3 Profit Halves
Ceat Ltd. share price declined to the lowest level in nearly three months as the company's net profit halved during October–December period. Its consolidated net profit declined 46.5% on the year to Rs 97 crore from 181 crore.
Ceat share price declined 7.57% to Rs 2,825.00 apiece, the lowest price since Nov. 22. It was 1.23% down at Rs 3,019.00 as of 1:29 p.m., as compared to 0.47% advance in NSE Nifty 50.
The stock gained 17.50% in 12 months. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 38.57.
Out of 23 analysts tracking the company, 15 maintain a 'buy' rating, three recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 18.9%.
Q3 Live Updates: DB Corp Shares Fall As Q3 Net Profit Falls
DB Corp Ltd.'s share price fell after the company reported that its net profit decreased during October–December. Its consolidated net profit fell 4.6% on the year to Rs 118 crore from Rs 124 crore.
Post third-quarter results, D.B. Corp share price fell 2.73% to Rs 262.35 apiece. It was trading 1.19% lower at Rs 266.50 apiece as of 1:03 p.m., as compared to 0.47% advance in the NSE Nifty 50 index.
The stock opened 1.48% higher at Rs 273.70 apiece. It rose 2.08% to the day's high of Rs 275.30 apiece before falling sharply.
The stock declined 14.96% in 12 months. The relative strength index was at 27.03, which implied the stock is oversold.
Q3 Live Updates: Alok Industries Share Price Declines
As net loss widened in the third quarter, shares of Alok Industries declined over 2%.
Q3 Live Updates: Alok Industries Net Loss Widens
Alok Industries Q3 Highlights (Consolidated, YoY)
Revenue down 31% at Rs 864 crore versus Rs 1,253 crore.
Ebitda loss at Rs 41.7 crore versus loss of Rs 5.5 crore.
Net loss of Rs 273 crore versus loss of Rs 230 crore.
Q3 Live Updates: Bhansali Engineering Share Price Jumps
Bhansali Engineering Polymers Ltd. share price jumped over 6% after third quarter financial results.
Q3 Live Updates: Sterling & Wilson Share Price Jumps
Sterling & Wilson Renewable Ltd. share price jumped nearly 9% after third quarter results.
Q3 Live Updates: Sterling & Wilson Reports Rs 17.1 Crore Profit
Sterling and Wilson Renewable Energy Q3 Highlights (Consolidated, YoY)
Net profit at Rs 17.1 crore versus a loss of Rs 62.4 crore.
Revenue at Rs 1,837 crore versus Rs 583 crore.
Ebitda at Rs 70.3 crore versus a loss of Rs 16.2 crore.
Margin at 3.82%.
Q3 Live Updates: Bhansali Engineering Net Profit Rises 1.5%
Bhansali Engineering Q3 Highlights (Consolidated, YoY)
Revenue up 18.5% at Rs 345 crore versus Rs 292 crore.
Ebitda up 10.5% at Rs 51.6 crore versus Rs 46.8 crore.
Margin at 14.9% versus 16.0%.
Net profit up 1.5% at Rs 40.8 crore versus Rs 40.2 crore.
RIL Q3 Results: Date, Time, Earnings Schedule And More
Reliance Industries Ltd. is scheduled to declare its financial results for the quarter ended December 2024 soon. The company has informed the stock exchanges about the board meeting scheduled for this week to announce Reliance Industries' third-quarter results.
Reliance Industries in a stock exchange filing on Jan. 9 said that its board of directors will meet on Thursday, Jan. 16 to consider and approve the financial results for the October-December quarter of the current fiscal.
It further mentioned that a presentation to the media and analysts will also be made available after the board meeting ends.
"A presentation to the analysts and media on financial results of the company for the quarter and nine months ended Dec. 31, 2024, shall be made on the same day after the meeting," the company said.
Q3 Live Updates: Infosys September Quarter Performance
Infosys' second quarter results showed a 5.1% increase in revenue compared to the previous year, reaching Rs 40,986 crore for the quarter ending September.
Net profit grew by 4.8% YoY, totalling Rs 6,516 crore as compared to Rs 6,215 crore in the same quarter last year.
Infosys Q2 FY25 Highlights (Consolidated, YoY)
Net profit up 4.8% at Rs 6,516 crore vs Rs 6,215 crore
Revenue increased 5.1% to Rs 40,986 crore vs Rs 38,994 crore
Operating profit soared 4.5% to Rs 8,649 crore vs Rs 8,274 crore
Margin at 21.1% vs 21.2%
Sensex, Nifty Today: Stock Market Watch 12 PM
Indian equities continue to trade higher with Nifty being rangebound around 23,300 and Sensex trading 76,999.
Intraday, both Nifty and Sensex rose over 0.77%.
Nifty rose 0.77% or 178.45 points at 23,391.65.
Sensex rose 0.78% or 595.42 points higher at 77,319.50.
Broader indices also advanced. Nifty Midcap rose 1.20%; Nifty Smallcap was trading 1.09% higher.
Most sectoral indices advance, led by Nifty PSU Bank.
Nifty Bank rose 1.09%, Nifty IT was down 0.40%.
HDFC Life, SBI Life and Shriram Finance were top Nifty gainers.
Trent, Tata Consumers, HCL Tech and Nestle top Nifty losers.
Q3 Live Updates: RIL's September Quarter Performance
Mukesh Ambani-led Reliance Industries Ltd. reported a 2.8% year-on-year fall in net profit, reaching Rs 19,323 crore for the quarter ending Sept. 2024, against Rs 19,878 crore in the same quarter last year.
However, the company’s gross revenue for the period rose 0.8% YoY to Rs 2.58 lakh crore, against Rs 2.55 lakh crore in FY24.
Reliance Industries Q2 FY25 Highlights (Consolidated, YoY)
Net profit fell 2.8% at Rs 19,323 vs Rs 19,878 crore
Revenue up 0.8% at Rs 2.58 lakh crore vs Rs 2.55 lakh crore
Ebitda dipped 2% to Rs 43,934 crore vs Rs 44,809 crore
Ebitda margin at 17% vs 17.5%
Q3 Live Updates: DB Corp Net Profit Falls 4.6%
DB Corp Q3 Highlights (Consolidated, YoY)
Revenue down 0.3% to Rs 643 crore versus Rs 645 crore.
Ebitda down 3.2% to Rs 177 crore versus Rs 183 crore.
Margin at 27.6% versus 28.4%.
Net profit down 4.6% to Rs 118 crore versus Rs 124 crore.
Advertising revenue down 1% to Rs 477 crore versus Rs 482 crore.
Circulation revenue down 1.11% to Rs 356 crore versus Rs 360 crore.
Q3 Live Updates: RIL Posts First Negative Returns In 10 Years
Mukesh Ambani's Reliance Industries has underperformed the market in the last three months on 2024 and posted negative yearly returns in the last ten years.
The third most prominent index heavyweight with 8% weight in the Nifty 50 has corrected 15% in the last three months thereby dragging the Nifty down by over 4.9% during the same period.
Reliance is facing heat from multiple levels, Its Retail operations are undergoing restructuring and consolidation and that has delayed the shareholder unlocking plans for the company which is facing competition from quick commerce and structural retail shift.
The company plans to ramp up average revenue per user is slower than expected as competition and sim card consolidation taking the industry forward but the full-scale impact of the tariff hike is yet to take into effect.
The oil & gas and petchem business is under margin pressure and the new energy business, which has a large chunk of capex, is under way but operationalisation is behind schedule.
Q3 Live Updates: Brokerage Views On Infosys
Infosys' revenues in the third quarter is expected to grow by 0.3% sequentially despite residual revenues from in-tech acquisition due to usual seasonality in the third quarter.
"We expect margins to be steady QoQ, aided by INR depreciation. We expect Infosys to narrow its FY25 revenue growth guidance to 4–4.5% YoY from 3.75–4.5% YoY and maintain margin guidance of 20–22%. Expect the large deal TCV to be $2.5–3 billion," Jefferies said.
JM Financial expects 90-basis-point cross currency headwind sequentially and estimates an impact of 130 bps of furloughs. "Lower transition costs associated with large deals could benefit margin, though lower growth will limit the extent of expansion. Expect Infosys to revise its guidance to 4–4.5% YoY," the brokerage said.
Q3 Live Updates: Infosys To Post Muted Revenue Growth
IT major Infosys Ltd. is set to announce third-quarter results on Thursday. In a seasonally weak quarter, the company is expected to see muted revenue growth, weighed down by furloughs. Margins are expected to remain flattish, profit to rise sequentially, and yearly guidance to be narrowed.
Net profit may rise 4.3% sequentially to Rs 6,787 crore for the quarter ended December, according to the consensus of analysts' estimates tracked by Bloomberg. Revenue is expected to marginally rise by 0.8% for the period to Rs 41,331 crore, per estimates.
Q3 Live Updates: Earnings Estimates In Chart
As per the BSE calendar, a total of 36 companies are expected to announce their third-quarter results on Jan. 16.
Q3 Live Updates: Brokerages' On RIL Earnings
Goldman Sachs expects the energy Ebitda to remain flat sequentially as gains in refining earnings were offset by weaker petrochemical earnings. "On refining, we expect a sequential growth in net GRM to $8.7 per barrel in 3Q (+6% QoQ) driven by better ex-China supply-demand dynamics and a more favourable cost.
Dolat Capital Markets in a research report, said, sequential recovery in GRMs on account of improvement in diesel and Jet cracks, and processing of discounted crude from Russia, Iraq and Venezuela have helped the company improve its O2C earnings.
Brokerage CLSA anticipates a 13% quarter-on-quarter rise in RIL's O2C Ebitda on the back of improvement in refining. However, "upstream Ebitda is expected to be 1% lower QoQ due to marginal decline in production", it said.
CLSA expects the improving flow-through of tariff hikes to drive Jio's ARPU by 6% QoQ to Rs 206, while subscribers may decline by 0.7 million. "Retail may report another quarter of slow (muted) growth, with a 2% YoY/8% QoQ rise in its Ebitda."
RIL Q3 Preview: Better O2C, Retail Business To Boost Earnings
Reliance Industries Ltd.'s third-quarter earnings for fiscal 2025 is likely to get a boost from strong overall performance, especially the oil-to-chemicals business that saw refining margins improve during the quarter.
The adjusted net profit of India's diversified conglomerate, led by billionaire Mukesh Ambani, is seen up 13.5% quarter-on-quarter at Rs 18,793 crore compared with Rs 16,560 crore in the previous quarter, according to consensus research estimates tracked by Bloomberg.
"RIL is expected to report a healthy 6.2% sequential growth in EBITDA, led by 12% jump in O2C business, while Jio/Retail/Upstream verticals are expected to report an EBITDA growth of 4%/7%/2% QoQ," Systematix Institutional Equities said in a research report.
Brokerage CLSA anticipates a 13% quarter-on-quarter rise in RIL's O2C Ebitda on the back of improvement in refining. However, "upstream Ebitda is expected to be 1% lower QoQ due to marginal decline in production", it said.
Q3 Live Updates: Earnings Estimates Of Big Names
RIL is likely to clock a profit of Rs 619 and revenue of Rs 2,42,278 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg. Analysts also estimate the EBIT of the company to be Rs 41,627 crore, at a margin of 17.20%.
Infosys is expected to clock in a net profit worth Rs 6,779 crore and revenue worth Rs 41,330 crore, as per consensus estimates. The tech giant is expected to post EBIT of Rs 8,758 crore, at a likely margin of 21.19%.
Axis Bank is likely to clock a standalone profit of Rs 6,297 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.
LTIMindtree is likely to report a net profit of Rs 1,144 crore and revenue of Rs 9,649 crore for the third quarter, according to the estimates. The company is estimated to report an EBIT of Rs 1,367 crore and a margin of 14.17%, as per Bloomberg analysts.
Q3 Live Updates: RIL, Infosys Among Top Earnings Today
As earnings season kicked off last week, top Indian companies such as Reliance Industries Ltd., Infosys Ltd. and Axis Bank Ltd. will report their third quarter financial results on Thursday.
As per the BSE calendar, a total of 36 companies are expected to announce their third-quarter results on Jan. 16.
The full list of companies reporting their third-quarter results on Thursday includes LTIMindtree Ltd., Havells India Ltd., Sterling And Wilson Renewable Energy Ltd., Waaree Renewable Technologies Ltd., Alok Industries Ltd. and Bhansali Engineering Polymers Ltd.
DB Corp., Hatsun Agro Product, Kesoram Industries, Last Mile Enterprises, Mastek, Metro Brands, National Standard (India), Pacheli Industrial Finance, and Radhika Jeweltech will also report their earnings.
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