Q3 results today: RIL, Infosys among 37 companies to announce earnings on Thursday

It is a busy day for investors in the third quarter earnings calendar as a slew of heavyweight companies will announce their results on Thursday. Key earnings to watch out include from Reliance Industries Ltd (RIL), Infosys, Axis Bank and LTIMindtree.

Apart from the above, companies like Havells India, Mastek, Metro Brands, Mudra Financial Services, GG Engineering, Hatsun Agro Product, Hawa Engineers, Kesoram Industries, DB Corp, GG Engineering and a few others will also declare their quarter results.

RIL Q3 expectations
After two muted quarters, Reliance Industries Ltd (RIL) is likely to deliver robust earnings in the third quarter, supported by a favorable operating environment across its key segments.

Net profit for the October-December 2024 period is seen rising 3% year-on-year (YoY), according to an average estimate of six brokerages. The company reported a 5% drop in its net profit in the preceding September quarter.

Revenues for the December quarter are likely to jump 7% YoY, the estimates showed.

The surge in earnings will be mainly on the back of improvement in the refining margins and overall sequential recovery in the oil-to-chemicals (O2C) business, which was the weak link the last few quarters.

The digital services segment, meanwhile, still remains a growth driver, with ARPU likely to trend higher as tariff hikes gain traction.

Additionally, the retail segment is anticipated to achieve and reach its record-high EBITDA of Q3FY24, benefiting from sustained expansion (higher private label sales) and strong consumer demand, thereby contributing to overall better profitability.

Axis Bank Q3 expectations
Slower than expected loan growth, coupled with elevated provisions is likely to keep earnings growth in check for Axis Bank in the third quarter ended December 2024.

Net profit in the reporting period is likely to grow 4% year-on-year (YoY), according to an average estimate of five brokerages. Meanwhile, net interest income (NII), the difference between interest expended and earned, could jump 9% YoY.

The earnings will mainly be hurt by provisions, which analysts estimate will more than double from the previous year period.

Analysts are building in a loan growth of 11% YoY and 4% QoQ during the third quarter, while asset quality ratios are expected to rise slightly.

Infosys Q3 expectations
India’s second largest IT services company Infosys is expected to report an year-on-year revenue growth between 4.8% and 6.7%, according to estimates given by five brokerages. The topline could be in the range of Rs 40,698 crore to Rs 41,400 crore. The net profit in Q3FY25 is likely to grow between 5.4% and 12% at Rs 6,438 crore - Rs 6,840 crore.

The estimates have been given by Nomura, HDFC Securities, Elara Capital, JM Financial and Motilal Oswal Financial Services (MOFSL).

The highest revenue and profit after tax (PAT) estimates has been given by MOFSL while Elara has the most conservative numbers.

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