RIL, Infosys, Axis Bank, LTIMindtree Q3 Results Today—Earnings Estimates
Reliance Industries Ltd., Infosys Ltd., Axis Bank Ltd., and LTIMindtree Ltd. are among the top names that will announce their earnings for the third quarter on Thursday.
RIL is likely to clock a profit of Rs 619 and revenue of Rs 2,42,278 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 41,627 crore, at a margin of 17.20%.
Net profit of the Mukesh Ambani-led conglomerate rose 11% sequentially to Rs 19,323 crore for the quarter ended September 2024, according to an exchange filing. This compares with the Rs 18,814 crore polled consensus estimates of analysts polled by Bloomberg.
Infosys is expected to clock in a net profit worth Rs 6,779 crore and revenue worth Rs 41,330 crore, as per consensus estimates. The tech giant is expected to post EBIT of Rs 8,758 crore, at a likely margin of 21.19%.
The IT major's results showed a 4.3% increase in revenue over the previous three months to Rs 40,986 crore for the quarter ended September, according to an exchange filing.
Axis Bank is likely to clock a standalone profit of Rs 6,297 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.
LTIMindtree is likely to report a net profit of Rs 1,144 crore and revenue of Rs 9,649 crore for the third quarter, according to the estimates. The company is estimated to report an EBIT of Rs 1,367 crore and a margin of 14.17%, as per Bloomberg analysts.
The full list of companies reporting their third-quarter results on Thursday includes Reliance Industries, Infosys, LTIMindtree, Axis Bank, Havells India, Sterling And Wilson Renewable Energy, Waaree Renewable Technologies, Alok Industries, Bhansali Engineering Polymers, DB Corp, Hatsun Agro Product, Kesoram Industries, Last Mile Enterprises, Mastek, Metro Brands, National Standard (India), Pacheli Industrial Finance, and Radhika Jeweltech.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
