Wipro, Tech Mahindra, ICICI Lombard Q3 Results Today—Earnings Estimates
Wipro Ltd., Tech Mahindra Ltd., and ICICI Lombard General Insurance Co. are among the top names that will announce their earnings for the third quarter on Friday.
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%.
Net profit of the tech giant rose 6.2% sequentially to Rs 3,227 crore in the quarter ended Sept. 30, 2024, which is higher than the consensus estimate of Rs 3,009 crore shared by analysts tracked by Bloomberg.
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%.
The IT major's net profit rose 45.4% in the second quarter of the current financial year, beating analysts' estimates. Tech Mahindra 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.
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.
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 Corporation, 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.
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