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.
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