Q3 Earnings: A number of major companies across sectors have already released their Q3 numbers, and with that, the fiscal third quarter earnings season is now in full swing. Till date, giants like Reliance Industries Ltd, Nestle India, Vedanta, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Adani Enterprises, Adani Wilmar, Tata Consumer, Godrej Consumer, HUL, Axis Bank, HDFC Bank, BPCL, HPCL, ONGC, UltraTech Cement, Adani Green Energy, and all of IT majors like TCS, HCL Tech, Infosys, Tech Mahindra, Wipro, and several others have released their quarter results.
According to CRISIL Research, India Inc’s revenue growth for the quarter in review is expected to have slowed by 80-90 bps on-year to 4-6 per cent, due to weaker performance in the construction and industrial commodities sectors, as well as subdued investment-linked segments. However, profitability will show 40-50 bps improvement, driven by export-linked sectors such as IT services and pharmaceuticals. Other brokerage firms also stated that the revenue growth this quarter slowed to around 5.2 per cent, down from 6 per cent in Q3FY24 due to extended monsoons and delayed government spending that hit the construction sector.
Today, companies like Religare Enterprises, Gland Pharma, Fortis Malar Hospitals, Aditya Birla Capital, Alembic Pharmaceuticals, Castrol India, Bajaj Steel Industries, Barbeque Nation Hospitality, Sundaram Finance, Tata Chemicals, Welspun Enterprises, Thomas Cook (India), Stove Kraft, Taj GVK Hotels & Resorts, Snowman Logistics, KEC International, Kalyani Steels, General Insurance Corporation of India, and others are releasing their Q3 results.
Q3 Results Today: Check Q3 Earnings for Religare Enterprise, Fortis, Aditya Birla, BBQ, Thomas Cook
Vedant Fashions Q3 Results Live Updates: Lower revenue coupled with higher than expected-other-expenses dragged overall performance, says Elara Securities
Elara Securities said, “Vedant Fashions (MANYAVAR IN) Q3 performance was a miss on revenue, EBITDA and PAT fronts by 7.0%, 12.1% & 12.7%, respectively. Lower revenue coupled with higher than expected-other-expenses dragged overall performance. We remain cautious about growth, given subdued demand and softer store expansion plans in the near term. We revise our earnings estimates down taking into consideration increased competition, lower retail space addition, and muted consumer demand. We retain our positive stance based on the company’s efforts on new launches & brand extension, strong balance and higher ROCE.”
Q3 Results Live Updates: Key earnings announcements today
Today, several companies including Religare Enterprises, Gland Pharma, Fortis Malar Hospitals, Aditya Birla Capital, Alembic Pharmaceuticals, Castrol India, Bajaj Steel Industries, Barbeque Nation Hospitality, Sundaram Finance, Tata Chemicals, Welspun Enterprises, Thomas Cook (India), Stove Kraft, Taj GVK Hotels & Resorts, Snowman Logistics, KEC International, Kalyani Steels, General Insurance Corporation of India, and others are lined up to announce their Q3 numbers.
Q3 Results Live Updates: Welcome to this live blog
Greetings! With several companies across sectors already having released their quarterly performance for Q3FY25, we, at FinancialExpress.com, are continuously bringing all the updates through this live blog and will continue to do so throughout the earnings season. Stay tuned.