Reliance Industries Ltd., Wipro Ltd., Tata Technologies Ltd., and JSW Infrastructure Ltd. are the notable companies that will release the financial results for the third quarter of the current fiscal year on Friday. Jan. 16. Here are the analysts' consensus estimates compiled by Bloomberg:
The oil-to-telecom conglomerate's October-December quarter revenue is expected to rise 1% on a sequential basis. RIL's Ebitda is expected to increase 4.6% to Rs 47,997 crore compared with Rs 45,885 crore in the previous quarter, supported by better operating performance in key businesses. Operating margin is projected to improve to 18.7% from 18%. While net profit is projected to grow 6% sequentially to Rs 19,271 crore from Rs 18,165 crore.
Wipro's consolidated revenue for Q3 is estimated at Rs 23,431 crore, compared to Rs 22,697 crore in the previous quarter, marking a 3.2% increase. Net profit is expected to rise to Rs 3,353 crore from Rs 3,262 crore, showing a 2.8% growth. EBIT is projected at Rs 3,915 crore, up from Rs 3,783 crore, reflecting a 3.5% increase. The operating margin is estimated at 16.8%, compared to 16.4% earlier, indicating an improvement of 40 basis points.
JSW Infrastructure's consolidated revenue for Q3 is estimated at Rs 1,353 crore, up from Rs 1,182 crore in the same period last year, a 14.5% increase. Net profit is expected to reach Rs 380 crore, compared to Rs 330 crore previously, showing a 15.2% growth. EBITDA is projected at Rs 643 crore, a sharp rise from Rs 427 crore, translating to a 50.6% increase. The margin is estimated at 47.5%, significantly higher than 36.2% last year, an improvement of 1,130 basis points.
Tata Technologies' consolidated revenue for Q3 is estimated at Rs 1,355 crore, compared to Rs 1,317 crore last year, a modest 2.9% increase. Net profit, however, is expected to decline to Rs 155 crore from Rs 168 crore, reflecting a 7.7% decrease. EBITDA is projected at Rs 207 crore, down from Rs 234 crore, an 11.5% decline. The margin is estimated at 15.3%, compared to 17.8% previously, indicating a contraction of 250 basis points.
Federal Bank Ltd., Central Bank of India, Poonawalla Fincorp Ltd., Polycab Ltd. and Bajaj Healthcare Ltd. are the other companies that will announced their results on Friday.
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