The Q3 earnings season shifts into high gear today as India's largest corporation, Reliance Industries (RIL), joins a powerful line-up of technology majors, including Wipro, Tech Mahindra, and Tata Technologies. For RIL, the street is looking for stability rather than fireworks, with consolidated net profit expected to grow 6% to approximately Rs 19,271 crore.
Investors will closely track the O2C segment, which is poised for its best growth in four quarters, while the retail division's EBITDA may feel the pinch from a high base and initial losses in the JioMart Quick Commerce ramp-up.
In the IT space, Wipro and Tech Mahindra are under the microscope for their recovery trajectories. Wipro's revenue is pegged to rise 2.8% to Rs 23,331.70 crore, with critical eyes on its Q4 guidance and any updates on the Harman acquisition integration.
Meanwhile, Tech Mahindra is expected to report a sharp 14.94% jump in net profit to Rs 1,372.90 crore. Analysts are specifically hunting for management's confidence in reaching a 15% margin by FY27 and the impact of the new labour code, a theme that has already weighed on the results of peers like TCS.
Some of the other key earnings in focus today are Kesoram Industries, L&T Finance, Jindal Saw, Poonawalla Fincorp and Polycab India, among others.
