Q3 results today: Maruti, L&T, GRSE and Pine Labs among 126 BSE-listed companies to announce earnings today

Synopsis

A busy Wednesday for the stock market features earnings from 126 BSE-listed companies, including Nifty giants like Maruti Suzuki and L&T. Both are anticipated to report strong December-quarter results, with Maruti Suzuki expecting a 24-35% net profit rise and L&T projecting a 20-35% increase, driven by robust sales and execution.

It will be an earnings-heavy Wednesday with 126 BSE listed companies announcing their earnings today. Among the Nifty companies, Bharat Electronics Limited (BEL), SBI Life Insurance Company, Larsen & Toubro (L&T) and auto major Maruti Suzuki India Limited (MSIL) will announce results that will be avidly tracked.

In the non-50 pack, Aditya Birla Real Estate, ACC, Birlasoft, CarTrade Tech, Cochin Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), Pine Labs, SBI Cards and Payment Services, TVS Motor Company and Ramkrishna Forgings will declare their October-December quarter results.

Here's what to expect from the big-ticket earnings of Maruti Suzuki and L&T:

L&T Q3 results preview

Engineering and construction conglomerate Larsen & Toubro (L&T) is expected to report a strong December-quarter performance, supported by steady execution, operating leverage and a robust order book. The company is expected to report a net profit growth in a wide range of 20%-35% between Rs 4,038 crore and Rs 4,548 crore, according to estimates from four brokerages.

They also anticipate a double-digit growth in revenue and EBITDA, while emphasising on the need to track management commentary on order inflows, margins and execution momentum.

Read more: L&T Q3 results preview: Profit seen surging 20–35% YoY, revenue uptick likely around 16%. 6 things to watch

Maruti Suzuki Q3 expectations

India's largest passenger car maker, Maruti Suzuki India Limited (MSIL), is expected to report a strong set of numbers for the December quarter, led by robust volume growth, an improving product mix and operating leverage. Brokerages are pencilling in healthy double-digit growth across revenue, profitability and operating metrics on a year-on-year as well as sequential basis, even as margins show mixed trends.

Maruti Suzuki, the maker of the Grand Vitara and Baleno, is expected to post a 24–35% year-on-year rise in net profit for the October–December quarter, as per estimates from four brokerages, which peg the bottom line in the range of Rs 4,540 crore to Rs 5,696 crore. Revenue is seen growing 32–37% during the quarter to Rs 50,765 crore–Rs 52,706 crore, according to the estimates.

Read more: Maruti Suzuki Q3 Preview: PAT seen rising up to 35% YoY. 5 key parameters to watch

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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