Wipro Q3 Results Live: Wipro's Attrition Rate Rises For Second Quarter In A Row
Attrition rate in third quarter rises to 15.3%, while last quarter's rate stood at 14.5%. Headcount in Q3 dipped by 1,157 employees, reported the company.
Q3 Results Live: Supreme Petrochem Profit Rises 6%
Supreme Petrochem Q3 Highlights (YoY)
Revenue up 18.3% at Rs 1,405 crore versus Rs 1,189 crore.
Ebitda up 4.6% to Rs 99.2 crore versus Rs 94.8 crore.
Margin at 7.1% versus 8%.
Net profit up 5.5% at Rs 71.4 crore versus Rs 67.7 crore.
Q3 Results Live: Jio Financial Revenue Rises
Jio Financial Services Q3 Highlights (Consolidated, YoY)
Revenue up 8.3% at Rs 449 crore versus Rs 414 crore.
Net profit flat at Rs 295 crore.
Q3 Results Live: ICICI Lombard Profit Beats Estimates
ICICI Lombard posted mixed results for the quarter in question, with the net premium income missing the Bloomberg estimate of Rs 5,572 crore, while the net profit reported by the insurer surpassed the estimate of Rs 635 crore.
Q3 Results Live: Rallis India Profit Halves
Rallis India Q3 Highlights (YoY)
Revenue down 12.71% at Rs 522 crore versus Rs 598 crore.
Ebitda down 27.9% to Rs 44 crore versus Rs 61 crore.
Margin at 8.4% versus 10.2%.
Net profit down 54.2% at Rs 11 crore versus Rs 24 crore.
Q3 Results Live: ICICI Lombard Profit Zooms 68% Upwards
ICICI Lombard General Insurance Co Q3 Highlights (YoY)
Net premium income up 17.2% to Rs 5,045 crore versus Rs 4,305 crore.
Net profit up 67.9% to Rs 724 crore versus Rs 432 crore.
Solvency ratio at 2.36% versus 2.65% (QoQ).
Wipro Q3 Results Live: On H1B Visas
The company is hiring local employees in the US, said the CHRO, adding that supply side is not a constraint.
Source: Earnings Presser
Wipro Q3 Results Live: Wipro To Build Accelerators, Not SLMs
We don't want to build SLMs as an organisation, stated the CEO. However, the company is building accelerators, he said.
Source: Earnings Presser
Wipro Q3 Results Live: Good Spend On AI Expected
Discretionary spend in BFSI vertical is coming back, said the CEO of Wipro. Coming to AI, he expects expenditure on GenAI, and sees uptick in smaller deals across AI, data, and cloud.
Source: Earnings Presser
Wipro Q3 Results Live: Hiring Backlog Cleared
Wipro has cleared its hiring backlog, said the CHRO, adding that the company has honoured all pending offers. Will add 10,000 to 12,000 freshers every fiscal, he further stated.
Source: Earnings Presser
Wipro Q3 Results Live: Too Early For Fiscal 2026 Outlook
Aparna Iyer, the CFO of Wipro, indicated that it's still too early to discuss the company's outlook for the next fiscal year. She spoke about positive momentum in the Americas and the Capco business, and is optimistic about the business environment under the new regime in the United States.
Source: Earnings Presser
Wipro Q3 Results Live: Co To Continue Investing In AI
We will continue to invest in AI education, said CEO Srini Pallia, adding that Wipro is investing in AI tools and platforms. "We are early adopters of Agentic AI," he said, and further mentioned that use cases for the same are seen in customer service and supply chain.
Source: Earnings Presser
Wipro Q3 Results Live: AI Approach Helped Secure Deal Wins
Wipro closed 17 large deals with total value of $1 billion in the quarter under question. Their AI approach was crucial in securing deal wins, said the CEO.
Source: Earnings Presser
Wipro Q3 Results Live: Margins At 12-Quarter High
Wipro's margins have reached a 12-quarter high, said the CEO, and that the company has also seen improved demand from Capco. Steady growth was observed across the Americas, despite softer conditions in Europe and APMEA (Asia-Pacific, Middle East, and Africa). Growth was led by strong performances in the health, tech, and communications verticals, he added.
Source: Earnings Presser
Wipro Q3 Results Live: 2024 Marked By Macroeconomic Challenges, Says CEO
Srini Pallia, CEO of Wipro, said that 2024 was marked by macroeconomic challenges, but the company remains hopeful and resilient about 2025. He pointed out that discretionary spending gradually is returning.
Source: Earnings Presser
Q3 Results Live: Ramkrishna Forgings Profit Swings 15%
Ramkrishna Forgings Q3 Highlights (Consolidated, YoY)
Revenue up 7.9% at Rs 1,074 crore versus Rs 996 crore.
Ebitda up 5.4% to Rs 232 crore versus Rs 220 crore.
Margin at 21.6% versus 22.1%.
Net profit up 14.7% at Rs 99.6 crore versus Rs 86.9 crore.
Q3 Results Live: Indian Hotels Profit Surges 33%
Indian Hotels Q3 Highlights (Consolidated, YoY)
Revenue up 29% at Rs 2,533 crore versus Rs 1,964 crore (Bloomberg estimate: Rs 2,476 crore).
Ebitda up 31.3% to Rs 962 crore versus Rs 733 crore (Estimate: Rs 939 crore).
Margin at 38% versus 37.3% (Estimate: 37.90%).
Net profit up 32.6% at Rs 633 crore versus Rs 477 crore (Estimate: Rs 588 crore).
Wipro Q3 Results Live: Key Highlights
Wipro reported solid financials, with revenue, margins and net profit all exceeding expectations.
Wipro's guidance for Q4FY25 came in better than expected with a forecasted revenue decline of -1%, to 1%, surpassing the market's expectation of -1% to 0.5%.
The company also reported its highest margins in 12 quarters, reflecting strong operational performance. Additionally, Wipro secured major deal wins.
Q3 Results Live: Wipro Q3 Financial Performance
Take a look at Wipro's financial performance in the quarter ended December here.
Tech Mahindra Q3 Results Live: Key Highlights
Tech Mahindra reported mixed results for the quarter, with revenue and profits falling short of estimates, while margins exceeded expectations.
The communications vertical remained weak, with a 0.4% QoQ growth in constant currency and a 2.4% YoY decline in CC.
However, overall revenue in constant currency increased by 1.2% QoQ and 1.3% YoY.
Q3 Results Live: Tech Mahindra Profit Slips 21%
Tech Mahindra Q3 Highlights (Consolidated, QoQ)
Revenue flat at Rs 13,285.60 crore versus Rs 13,313.20 crore.
Ebit up 5% to Rs 1,350.20 crore versus Rs 1,280.40 crore.
Margin at 10.2% versus 9.6%.
Net profit down 21% at Rs 988.80 crore versus Rs 1,257.50 crore.
Q3 Results Live: Wipro Profit Up 4%
Wipro Q3 Highlights (Consolidated, QoQ)
Revenue flat at Rs 22,319 crore (Bloomberg estimate: Rs 22,218 crore).
Net profit rose 4.5% to Rs 3,354 crore versus Rs 3,227 crore (Bloomberg estimate: Rs 3,057.40 crore).
Ebit increased 5% to Rs 3,863 crore versus Rs 3,673 crore (Bloomberg estimate: Rs 3,628 crore).
Margin at 17.3% versus 16.5% (Bloomberg estimate: 16.33%).
Q3 Results Live: Here's How Tech Mahindra Performed In Q2
Tech Mahindra Ltd.'s net profit rose 45.4% in the second quarter of the current financial year, beating analysts' estimates.
The IT firm posted a profit of Rs 1,257.5 crore in the quarter ended September, according to an exchange filing. That compares with the Rs 1,013-crore consensus estimate of analysts tracked by Bloomberg.
Revenue from operations stood at Rs 13,313.2 crore, up 2.4% sequentially and 3.5% on a year-on-year basis, meeting the street's expectations. In constant currency terms, revenue grew 0.7% QoQ and 1.2% YoY.
Q3 Results Live: Exchanges Close Lower
Both Nifty and Sensex ended lower, snapping their three-day gaining streak. Nifty dropped by 0.47%, or 108.60 points, closing at 23,203.20, while Sensex fell 0.55%, or 423.49 points, to end at 76,619.33. Intraday, both indices had seen a decline of more than 0.90% each.
Q3 Results Live: Sterlite Tech Reports Net Loss
Sterlite Technologies Q3 Highlights (Consolidated, YoY)
Revenue down 4.6% to Rs 1,261 crore versus Rs 1,322 crore.
Ebitda up 22% to Rs 133 crore versus Rs 109 crore.
Margin at 10.5% versus 8.2%.
Net loss at Rs 24 crore versus Rs 59 crore.
SBI Life Q3 Results Live: VNB Up 11%
SBI Life Insurance Co Q3 Highlights
Value of new business up 11% Rs 1,870 crore versus Rs 1,680 crore (YoY).
Value of new business margin at 26.95% from 26.9% (QoQ).
APE up 13% at Rs 6,940 crore versus Rs 6,130 crore (YoY).
Q3 Results Live: Dr. Reddy's Labs BofA's Pick On Earnings Visibility
BofA has chosen Dr. Reddy's Laboratories Ltd. as its top pick in the Indian pharma space, as its sees earnings visibility in the near term. Two years of outperformance-boosted valuation and gross margin tailwinds point to positive earnings momentum, BoFA said.
The brokerage has a 'buy' rating on Dr. Reddy's Laboratories Ltd. It has raised the target price to Rs 1,620 apiece, implying a 24% upside.
Q3 Results Live: SBI Life Profit Up 71%
SBI Life Insurance Co Q3 Highlights (YoY)
Net premium income up 11.3% to Rs 24,828 crore versus Rs 22,317 crore.
Net profit up 71.2% to Rs 551 crore versus Rs 322 crore.
Solvency ratio flat at 2.04% (QoQ).
61st month persistency ratio improves to 62.31% versus 55.86%.
13th month persistency ratio improves to 82.67% versus 82.09%.
Q3 Results Live: Steel Strips Net Profit Slips 20%
Steel Strips Q3 Highlights (Consolidated, YoY)
Revenue down 3.21% to Rs 1,075 crore versus Rs 1,110 crore.
Ebitda up 1% to Rs 118 crore versus Rs 117 crore.
Margin at 11% versus 10.5%.
Net profit down 20% to Rs 47.7 crore versus Rs 59.4 crore.
Dixon Technologies Q3 Results: Date, Time, Earnings Schedule And More
Dixon Technologies (India) Ltd. is set to announce its Q3 results next week. The company, in an exchange filing on Jan. 13, informed the bourses about its Q3 earning schedule.
Dixon Technologies in a stock exchange filing informed that its board of directors will meet on Monday, Jan. 20 to approve the financial results for the quarter and nine months ended Dec. 31, 2024.
It further said that a conference call has been arranged on Jan. 20 at 5 p.m. where leaders of the company will discuss the financial results with investors and analysts. Managing Director and Vice Chairman Atul Lall and Chief Financial Officer Saurabh Gupta will be speaking during the call.
Dixon Technologies (India) Ltd. reported a net profit of Rs 412 crore for the quarter, marking a 265% increase compared to Rs 113 crore in the same period last year. Revenue from operations more than doubled, rising 133% to Rs 11,534 crore, up from Rs 4,943 crore in the corresponding quarter of the previous fiscal.
RIL Q3 Results Review: Rebound In Retail Sales, New Energy Business To Drive Growth
Reliance Industries Ltd.'s rebound in retail sales in the third quarter of the current financial year along with net subscriber additions for Jio Infocomm and a strong outlook on new energy business provide a strong earnings-growth visibility in the near future, according to analysts who are overweight and maintain a 'buy' rating on the stock.
On long-term growth visibility, brokerage firm Nuvama Research said RIL would be among the top 10 global producers of petrochemical products after the petrochemical expansions it has undertaken. Its foray in the new energy business would equal the oil-to-chemical segments profits in five–seven years.
RIL posted a 4% sequential climb in its revenue from operations to Rs 2.39 lakh crore for the quarter ended Dec. 31, 2024. The net profit of the oil-to-telecom conglomerate rose 12% sequentially to Rs 21,804 crore during the third quarter, on the back of a strong overall performance.
Q3 Results Live: Ganesh Housing Stock Down
Swaraj Engines share price was trading 3% lower after the release of third quarter financial results.
Q3 Results Live: Ganesh Housing Net Profit Up 60%
Ganesh Housing Q3 Highlights (YoY)
Net Profit up 60% at Rs 161 crore versus Rs 101 crore
Revenue up 41.7% at Rs 257 crore versus Rs 181 crore
EBITDA up 54.4% at Rs 211 crore versus Rs 137 crore
Margin at 82.1% versus 75.3%
Q3 Results Live: Swaraj Engines Stock Up
Swaraj Engines share price was trading 5% higher after the release of third quarter financial results.
Q3 Results Live: Swaraj Engines Net Profit Rises 32.6%
Swaraj Engines Q3 Highlights (YoY)
Net profit up 32.6% to Rs 31.9 crore versus Rs 24.1 crore.
Revenue up 23.6% to Rs 346 crore versus Rs 280 crore.
Ebitda up 35.4% to Rs 44.3 crore versus Rs 32.7 crore.
Margin at 12.8% versus 11.7%.
Q3 Results Live: Wipro Q3 Results Preview
Wipro is expected to record 1.3% sequential decline in revenue in IT services segment after factoring in 80 basis points of cross currency headwinds, as per Emkay Global.
The company's EBIT margins expected to decline by 30 basis points sequentially due to an incremental two-month impact of salary hike, it added.
JM Financial expects Wipro to guide for a "-1% to +1%" sequential growth in constant currency terms in the third quarter.
What to watch out for:
Consulting business growth
Demand trends across sectors
Deal win momentum
Q3 Results Live: Aether Industries Net Profit Jumps 148.8%
Aether Industries Q3 Highlights (Consolidated, YoY)
Net profit up 148.8% to Rs 43.3 crore versus Rs 17.4 crore.
Revenue up 41.4% to Rs 219.6 crore versus Rs 155.3 crore.
Ebitda at Rs 64.6 crore versus Rs 31.2 crore.
Margin at 29.4% versus 20.1%.
Q3 Live Updates: Seasonal Weakness To Weigh On Tech Growth
In a seasonally weak quarter, the IT sector’s growth is expected to be weighed down by furloughs. While rupee depreciation could have provided some relief, margins are expected to remain flattish.
The aggregate revenue growth in the third quarter is expected to moderate slightly to 0.7% sequentially in constant currency terms, given usual seasonality, according to Jefferies.
DAM Capital Advisors Ltd. notes that sequential growth in constant currency terms could range between (−)0.4% and +4.3%. HCL Technologies Ltd. is likely to outperform in Tier I, while Persistent Systems Ltd. and Coforge Ltd. are expected to lead in Tier II.
Q3 Live Updates: Wipro Q2 Financial Performance
In the quarter that ended Sept. 2024, Wipro reported a 6.2% sequential increase in its net profit to Rs 3,227 crore, beating consensus estimates of analysts tracked by Bloomberg who pegged it at Rs 3,009 crore. In the June quarter, the net profit was recorded at Rs 3,037 crore.
The revenue during the second quarter of FY25 rose 1.5% to Rs 22,302 crore on a quarter-on-quarter basis, beating the analysts’ estimates of Rs 22,235 crore.
The margins were flat at 16.5%, while Ebit was up 1.3% at Rs 3,672 crore
Wipro Q3 Results: Time, Dividend News And More
Software major Wipro Ltd. has announced that its board of directors will approve the Q3 results on the evening of Jan. 17.
In the stock exchange filing on Jan. 6, Wipro Ltd. said that its board of directors will meet between Jan. 16 and Jan. 17 to consider and approve the company's financial results for the quarter ending Dec. 31, 2024.
During the board meeting, the members will also consider any interim dividend for FY25. However, the date for the dividend has not been announced yet.
Earlier, Wipro had announced an interim dividend of Rs 1 each in Jan. 2024 and Jan. 2023, as well as an interim dividend of Rs 5 in April 2022.
In the quarter that ended Sept. 2024, Wipro reported a 6.2% sequential increase in its net profit to Rs 3,227 crore, beating consensus estimates of analysts tracked by Bloomberg who pegged it at Rs 3,009 crore.
Q3 Live Updates: Axis Bank Shares Fall Post Q3 Results
Axis Bank Ltd.'s share price hit the lowest level in over one year as analysts and brokerages cut earnings estimates. The near-term growth outlook looks bleak after a rise in slippages and rising credit cost weighed on the private lender's third-quarter performance.
During October–December, Axis Bank's overall slippages rose over 2.1% while credit cost rose over 85 basis points which surprised the Street negatively, according to Citi Research.
Private lender's deposit and advance growth slowed below the brokerage's expectations. The brokerage cut earnings estimates by 3–4% for financial year 2025 and 2027.
Axis Bank share price declined 5.37% to Rs 982.30 apiece. It was trading 5.27% down at Rs 983.30 apiece as of 9:58 a.m., as compared to 0.42% decline in the NSE Nifty 50 index.
The stock declined 8.72% in 12 months. Total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 25.19, which implied the stock is oversold.
Out of 49 analysts tracking the company, 40 maintain a 'buy' rating, nine recommend a 'hold,' according to Bloomberg data.
Q3 Live Updates: Estimates In Chart
As per the BSE calendar, a total of 40 companies are expected to announce their third-quarter results on Jan. 17.
Here are the third quarter earnings estimates for the companies that Bloomberg tracks.
Q3 Live Updates: Estimates Of Major Earnings
Wipro is likely to clock a profit of Rs 3,057.40 and revenue of Rs 22,218 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 3,628 crore, at a margin of 16.33%.
Tech Mahindra is expected to clock in a net profit worth Rs 1,061 crore and revenue worth Rs 13,391 crore, as per consensus estimates. The tech giant is expected to post EBIT of Rs 1,326 crore, at a likely margin of 9.90%.
ICICI Lombard is likely to clock a profit of Rs 635 crore and revenue of Rs 5,572 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.
Indian Hotels is likely to report a net profit of Rs 588 crore and revenue of Rs 2,476 crore for the third quarter, according to the estimates. The company is estimated to report an Ebitda of Rs 939 crore and a margin of 37.90%, as per Bloomberg analysts.
Q3 Live Updates: Wipro, Tech Mahindra Among Top Earnings Today
As earnings season kicked off last week, top Indian companies such as Wipro Ltd., Tech Mahindra Ltd. and ICICI Lombard General Insurance Co. will report their third-quarter financial results on Friday.
As per the BSE calendar, a total of 40 companies are expected to announce their third-quarter results on Jan. 17.
The full list of companies reporting their third-quarter results on Friday includes Tech Mahindra, Wipro, ICICI Lombard General Insurance Co., Indian Hotels Co., Jio Financial Services, 5Paisa Capital, Aether Industries, Concord Enviro Systems.
Ganesh Housing Corp., Mamata Machinery, Rajoo Engineers, Rallis India, Ramkrishna Forgings, Sanathan Textiles, SBI Life Insurance Co., Seshasayee Paper & Boards, SG Finserve, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies and Swaraj Engines will also report their results on Friday
RECOMMENDED FOR YOU
Q4 Results Today: Vodafone Idea Net Loss Widens; Easy Trip Profit Falls; Apollo Hospitals Profit Up Over 50%
May 30, 2025
Q4 Results Today: Senco Gold, NBCC Profit Rises, SJVN Slips Into Net Loss
May 29, 2025
Q4 Results Today: MTNL Net Loss Narrows; IRCTC Profit Beats Estimates, Welspun Corp Profit More Than Doubles
May 28, 2025
Q4 Results Today: NMDC Steel Remains In Loss; Triveni Engineering Revenue Soars
May 27, 2025
POPULAR