The third quarter earnings season is underway and about 24 companies will announce their quarterly numbers on Wednesday. Key results to watch out include from HDFC Life, L&T Tech and Bank of Maharashtra.Apart from the above, companies like CEAT, Nelco, Oriental Hotels, Indiabulls Enterprises, Aeroflex Industries, Oracle Financial and several others will also declare their results.HDFC Life Q3 expectationsLeading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.There are no other estimates on the company's third quarter profit and net premium income. However, the value of new business (VNB) growth is likely to be anywhere between 19-21% YoY during the quarter. Most estimates predict a decline in VNB margins on a YoY basis.Investors will watch out for product mix, impact of change in surrender value regulations on the margins and any guidance on sales through bank channels.In the recent second quarter, HDFC Life posted a 15% YoY increase in standalone net profit, reaching Rs 433 crore, while the net premium income during the July-September 2024 period grew 12% YoY to Rs 16,570 crore."New business premium to maintain growth momentum, driven by the Annuity and Par segments. Improvement in persistency ratio and commentary on growth outlook are the key monitorables," Motilal Oswal said.L&T Tech Q3 expectationsMid-tier IT services company L&T Tech is expected to reported 3% YoY drop in its net profit, while revenues may grow 10% YoY in the third quarter.Kotak Equities is estimate QoQ revenue growth of 3.2% in constant currency terms, led by sustainability and hi-tech verticals. Mobility segment's QoQ growth could be weak post consecutive quarters of strong and industry-wide weakness."We expect 40 bps QoQ improvement in EBIT margin to 15.5%, led by reduced S&M intensity and partly offset by the two-month impact of wage hikes. We expect LTTS to revise revenue growth guidance to 7-8% for FY2025E," the brokerage said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
- News Source Indiatimes (Click to view full news): CLICK HERE
0 Comments:
Leave a Reply