The lineup for the day includes the likes of HDFC Asset Management Co., Shoppers Stop Ltd. and Hathway Cable & Datacom Ltd. (Representative image. Source: Envato)
1 year ago
Jan 14, 2025
As the third quarter earnings season is underway, as many as 11 companies are slated to release their financial statements for the December 2024 quarter on Tuesday. The lineup for the day includes the likes of HDFC Asset Management Co., Shoppers Stop Ltd. and Hathway Cable & Datacom Ltd.
The NSE Nifty 50 and BSE Sensex snapped a four-day declining streak on Tuesday, tracking a rise in HDFC Bank Ltd. and State Bank of India. The benchmark also posted their best session in over a week.
The Nifty 50 ended 121.65 points or 0.53% higher at 23,207.60, and the Sensex ended 169.62 points or 0.22% higher at 76,499.63.
Shares of Shoppers Stop Ltd. ended 3.25% up at Rs 625 apiece on the NSE, ahead of their Q3 performance announcement, as compared to a 0.39% advance in the Nifty 50.
Cable television distribution company Hathway Cable & Datacom Ltd reported a 28.7% year-on-year increase in net profit, reaching Rs 25.78 crore for the second quarter ending Sept. 30, 2024, from Rs 20.03 crore in the corresponding quarter last year.
Shoppers Stop Ltd. reported a net loss of Rs 20.59 crore in the quarter that ended September as compared to a Rs 2.73 crore profit in the corresponding quarter previous year. The revenue went up by 7.3% year-on-year to Rs 1,114.8 crore.
HDFC Asset Management Co. is likely to clock a net profit of Rs 629 crore and a revenue of Rs 949.4 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.
The asset management company reported a 32% year-on-year growth in profit after tax to Rs 576.6 crore for the three months ended Sept. 30, 2024, on a 38% rise in total income to Rs 1,058.2 crore. Analysts had estimated the net profit to be at Rs 606 crore.
Q2 Performance
HDFC AMC reported a 38% rise in its revenue from operations in the quarter ended September 2024.
The company’s revenue stood at Rs 887.3 crore in the second quarter of fiscal 2025, as compared to Rs 643.1 crore in the corresponding quarter last year.
HCLTech Q3 Results - HCL Technologies Ltd.'s net profit rose 8.4% sequentially to Rs 4,591 crore in the December 2024 quarter, as per the consolidated financial results declared on Monday. The bottomline logged by the company is in line with the consensus estimate of analysts tracked by Bloomberg.
Delta Corp Q3 Results: Gaming company Delta Corp Ltd.'s third-quarter profit rose marginally, while revenue and earnings before interest, taxes, depreciation, and amortisation slipped. Consolidated net profit of the casino and hospitality services operator rose 3.6% over the same period last year from Rs 34.5 crore to Rs 35.7 crore in the three months to December, according to its stock exchange filing.