The third quarter earnings season is underway and around 36 companies will announce their results on Friday. Key earnings to watch out include from Wipro, Jio Financial, Tech Mahindra and SBI Life.Apart from the above, companies like Indian Hotels, ICICI Lombard, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing, Rallis India, Sterlite Technologies and a few others will also declare their quarter results.Wipro Q3 expectationsWipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.Estimates for the revenue growth for the October-December 2024 period seem to be varied, but an average of 7 brokerages indicates that the same will grow at 0.6% year-on-year (YoY). Some not so optimistic analysts among the seven have predicted a degrowth of 0.2%.Net profit for the same period is seen rising 12% YoY, according to an average estimate of these 7 brokers.In constant currency terms, analysts widely expect revenue to decline 1% quarter-on-quarter (QoQ) due to softness in key verticals of communications and manufacturing. Additionally, furloughs could also weigh on the CC revenue numbers.Also Read: Wipro Q3 results preview: PAT may rise 12% YoY, but CC revenue seen weakest among peersEBIT margins will also likely fall due to the wage hike impact for two months in the quarter.SBI Life Q3 expectationsThe company is likely to see growth in profitability even though there is muted growth in the SBI Channel. For instance, Motilal Oswal expects the PAT in the third quarter to grow around 56% (year-on-year) YoY, while Axis Securities sees the bottomline jumping nearly 50%.Growth in the new business premium is expected to remain stable and single-digit VNB (Value of new business) growth is anticipated in the December quarter. Meanwhile, margins are likely to remain flattish QoQ.Tech Mahindra Q3 expectationsIT services company Tech Mahindra’s revenue may grow between 0.7% and 2.6% year-on-year according to estimates of five brokerages. The topline could be in the range of Rs 13,200 crore - Rs 13,436 crore.Tech Mahindra’s adjusted net profit for Q3FY25 is seen to grow in a wide range of 42% to 102%, the estimates revealed. The bottom line could be between Rs 976 crore and Rs 1,040.The estimates by Nomura, JM Financial, Motilal Oswal Financial Services (MOFSL), Elara Capital and HDFC Securities have been taken into account. (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