Q3 Results Today: HCL Tech, Delta Corp, Angel One, Anand Rathi Wealth To Declare Earnings
HCL Tech posted a revenue of Rs 28,862 crore in Q2 of the ongoing financial year, surpassing Bloomberg's estimates of Rs 28,637.2 crore.
(Source: HCLTech)
As many as 14 companies are slated to release their financial statements for the December 2024 ending quarter on Monday, Jan. 13, in the ongoing Q3 earnings season.
The lineup includes companies from key sectors such as IT, financial services, realty and green energy.
Financial services companies Anand Rathi Wealth Ltd. and Angel One Ltd. are among the key companies set to release their Q3 earnings on Monday. Delta Corp Ltd. and IT major HCL Technologies Ltd. are slated to release their earnings report on Jan. 13.
Find below the complete list of companies which are slated to announce their Q3 results today.
Full List Of Companies Declaring Q3 Results On Jan. 13
Anand Rathi Wealth Ltd., Angel One Ltd., Delta Corp Ltd., Den Networks Ltd., Ekansh Concepts Ltd., HCL Technologies Ltd., Himadri Speciality Chemical Ltd., Lotus Chocolate Co., Marathon Nextgen Realty Ltd., Narmada Macplast Ltd., Onesource Industries And Ventures Ltd., Sarthak Industries Ltd., Sree JayalakshmiAutospin Ltd., and Urja Global Ltd.
Q3 Results Declared Last Week
In the week gone by, many prominent companies announced their Q3 results starting with IT giant TCS. Here's a recap of their quarterly performance.
TCS Q3 Results: Tata Consultancy Services Ltd.'s net profit rose 4.1% sequentially to Rs 12,444 crore in the quarter ended Dec. 31, 2024. This is in line with the consensus estimate of Rs 12,537 crore shared by analysts tracked by Bloomberg. The IT major's revenue from operations declined 0.4% over the previous three months to Rs 63,973 crore in the third quarter, according to an exchange filing on Thursday.
Tata Elxsi Q3 Results: According to an exchange filing, Tata Elxsi Ltd.'s consolidated net profit fell 13% sequentially in the third quarter of the current financial year, missing analysts' estimates. The design and technology provider posted a profit of Rs 199 crore in the quarter ended December.
Ireda Q3 Results: Indian Renewable Energy Development Agency Ltd. posted a net profit of Rs 425 crore in the quarter ended Dec. 31, 2024, an increase of 26.7% year-on-year. In the same quarter of the previous fiscal, Ireda had posted a net profit of Rs 336 crore. The non-banking financial institution's revenue rose 35.6% to Rs 1,699 crore during the October–December period, compared to Rs 295 crore in the year-ago period.
DMart Q3 Results: Avenue Supermarts Ltd.'s third-quarter profit rose marginally, beating consensus estimates. The consolidated net profit of the Radhakishan Damani-led company rose 4% over the same period last year to Rs 723.5 crore in the three months to December, according to its stock exchange filing. That compares with the Rs 691 crore consensus estimate of analysts tracked by Bloomberg.
Ahead of their Q3 earnings release today, here's a quick recap of how some of these companies fared in the last quarter.
Anand Rathi Wealth Quarterly Results
Anand Rathi Wealth Ltd. posted a total revenue of Rs 249.6 crore in the September 2024 quarter with a net profit of Rs 76.3 crore. The company's net profit for H1 of the ongoing fiscal rose 35% year-on-year (YoY) to Rs 149.8 crore, up from Rs 110.9 crore in the year-ago period. Anand Rathi Wealth announced an interim dividend of Rs 7 per equity share with a face value of Rs 5 apiece.
Anand Rathi Wealth Ltd. Q2 FY25 Results Highlights (YoY, Consolidated)
· Total revenue up 32% to Rs 249.6 crore vs Rs 189.1 crore
· Profit after tax rose 32.3% to Rs 76.3 crore vs Rs 57.7 crore
· PAT margin at 30.6% from 30.5%
Delta Corp Quarterly Results
Delta Corp's consolidated net profit slumped 61% year-on-year to Rs 29.9 crore in the second quarter of the ongoing fiscal with revenues also declining 28% YoY to Rs 187.7 crore.
Delta Corp Q2 Earnings Highlights (Consolidated, YoY)
· Revenue dropped 28% to Rs 187.7 crore from Rs 261.1 crore
· Net profit dropped 61% to Rs 26.9 crore from Rs 69.44 crore
· Ebitda slipped 66% to Rs 33.79 crore from Rs 100.08 crore
· Margins narrowed to 18% from 38.3%
HCL Tech Quarterly Results
HCL Tech posted a revenue of Rs 28,862 crore in Q2 of the ongoing financial year surpassing Bloomberg's estimates of Rs 28,637.2 crore. Net profit, however, came lower than the Bloomberg estimate of Rs 5,111,7 crore. HCL Tech's net profit in Q2FY25 was Rs 4,237 crore.
HCL Tech Q2 Earnings Highlights (Consolidated, YoY)
· Revenue rose 8.2% to Rs 28,862 crore versus Rs 26,672 crore.
· Net profit up 10.54% to Rs 4,237 crore versus Rs 3,833 crore.
· Ebitda rose 8.67% to Rs 5,362 crore versus Rs 4,934 crore.
· Margin grew to 18.6% versus 18.5%.
