Q3 Results: TCS, IREDA, DMart, JustDial Among Companies To Announce Earnings This Week

The quarterly earnings season has begun and companies will release their financial results for the quarter from October to December 2024 (Q3). Several big companies are scheduled to announce their results during the week starting with IT major Tata Consultancy Services (TCS). TCS' leadership team will address the media in a press conference at 5:30 p.m. on Thursday.

Along with TCS other big firms which are also slated to release their Q3 earnings reports are - Tata Elxsi, GM Breweries, DMart (Avenue Supermart), IREDA, and Brightcom Group. Around 30-odd companies will be gearng up to announce their Q3 financial results during the week ending on Jan. 11.

Below is the full list of firms that will announce their Q3 results this week. Also take a closer look at how some of the major companies, who will announce Q3 results this week, performed in the previous quarter.

Companies declaring Q3 Results on Jan. 9: GTPL Hathway Ltd., Mishka Exim Ltd., Tata Elxsi Ltd., Tata Consultancy Services Ltd., Indian Renewable Energy Development Agency (IREDA), Vivo Bio Tech Ltd., Teamo Productions Hq Ltd., Padam Cotton Yarns Ltd., Yash Highvoltage Ltd. 

Companies declaring Q3 Results on Jan. 10: Brightcom Group Ltd., CESC Ltd., Annvrridhhi Ventures Ltd., G N A Axles Ltd., Equinox India Developments Ltd., Hathway Bhawani Cabletel Datacom Ltd., Infomedia Press Ltd., Just Dial Ltd., PCBL Ltd., Shah Metacorp Ltd., Sharma East India Hospitals Medical Research Ltd., Swati Projects Ltd., Valecha Engineering Ltd., Vivimed Labs Ltd., Yaari Digital Integrated Services Ltd.

Companies declaring Q3 Results on Jan. 11: Avenue Supermarts Ltd., Kandagiri Spinning Mills Ltd., Concord Drugs Ltd., Rita Finance And Leasing Ltd.

It is to be noted that no company will declare results on Jan 12.

India’s largest IT Services provider Tata Consultancy Services (TCS) reported a 7.65% increase in its revenues on a year-on-year basis at Rs 64,259 crore in the second quarter of FY25. Profit during this period increased 5.05% YoY to Rs 11,955 crore.

TCS Q2 FY25 Results Highlights (YoY, Consolidated)

• Revenue from operations increased 7.65% to Rs 64,259 crore vs Rs 59,692 crore

• Net profit increased 5.05% to 11,955 crore vs 11,380 crore

• Operating margin declined 0.2% at 24.1% vs 24.3%

• Ebit stood at Rs 15,469 crore vs Bloomberg estimate of Rs 15,995 crore

Design and technology services provider Tata Elxsi posted a revenue of Rs 955.1 crore in the second quarter of FY25, marking an increase of 8.3% on a yearly basis. The Profit after tax (PAT) rose 14.7% YoY to Rs 229.4 crore.

Tata Elxsi Q2 FY25 Results Highlights (YoY)

• Revenue from operations rose 8.3% to Rs 955.1 crore vs Rs 881.7 crore

• Net profit up 14.7% at Rs 229.4 crore vs Rs 200 crore

• Ebitda expanded 1.1% to Rs 266.4 crore vs Rs 263.6 crore

• Ebitda margin stood at 27.9% vs 29.9%

Avenue Supermart Ltd. reported a 5.8% year-on-year uptick in net profit for the second quarter of this financial year, missing analyst estimates.

The DMart parent recorded a net profit of Rs 659.44 crore for the quarter ended September, compared to Rs 623.35 crore in the same quarter of the previous fiscal year. This was below the Rs 812 crore estimate by analysts tracked by Bloomberg.

Revenue increased by 14.4% year-on-year for the three months ended September, reaching Rs 14,444.50 crore

DMart Q2 FY25 Results Highlights (YoY)

• Net Profit: Rs 659.44 crore, up 5.8% YoY (estimate: Rs 812 crore)

• Revenue: Rs 14,444.50 crore, up 14.4% YoY (estimate: Rs 14,597 crore)

• EBITDA: Rs 1,093.77 crore, up 8.8% YoY

• EBITDA Margin: 7.6%, down from 8% last year (estimate: 8.3%)

Indian Renewable Energy Development Agency Ltd. (IREDA) reported a net profit of Rs 388 crore during the three months ended September, an increase of 36% from the year-ago period, according to its stock exchange notification. That was, however, lower than the Rs 410 crore that analysts tracked by Bloomberg had estimated.

The company's revenue rose 38% year-on-year to Rs 1,630 crore during the July-September period. The agency's loan sanctions increased to Rs 17,860 crore in the April-September period of fiscal 2025, up 303% from the previous year.

GM Breweries Ltd.'s revenue rose marginally to Rs 595.78 crore, while its net profit declined to Rs 21.67 crore in Q2 FY25 on a year-on-year basis. 

GM Breweries Q2 FY25 Results Highlights (YoY)

• Revenue increased 0.22% to Rs 595.78 crore vs Rs 594.47 crore

• Net profit declined 3.12% to 21.67 crore vs Rs 22.37 crore

• Ebitda fell 7.4% to Rs 27.5 crore

• Ebitda margin contracted to 18.5% from 19.6%

*Story updated with additional company names which will announce their results this week.