The fiscal third quarter earnings season has begun and IT giants like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors including Reliance Industries Ltd, Zomato, Paytm, Axis Bank, ICICI Prudential Life Insurance Company, Cyient DLM, and a few others have released their Q3 numbers. The IT sector posted a subdued quarter weighed down by seasonal furloughs. According to brokerage firms, the Q3 results announced thus far indicated that businesses are struggling to grow their top lines.
JM Financial said that the second quarter witnessed, among other concerns, a slowdown in urban consumption, weaker-than-expected pickup in capex, and stress in unsecured lending books, and Q3 is set to be another quarter of modest performance with Nifty50 PAT growth at 5.8 per cent YoY.
Today, companies like HDFC Bank, Hindustan Unilever, Bharat Petroleum Corporation, Coforge Limited, Tata Communications, Pidilite Industries, Polycab India, Persistent Systems, Zensar Technologies, Vardhman Textiles, Tips Music, Powergrid Infrastructure Investment Trust, Housing & Urban Development Corporation, Heritage Foods, and others are queued up to release their third quarter results.
Q3 Results: HDFC Bank, HUL, BPCL earnings news
Q3 Results Live Updates: Welcome to the live blog
Greetings! The fiscal third quarter earnings season is in full swing now with many giants already having released their results. We, at FinancialExpress.com, are continuously bringing to you all the updates on the Q3 performance and will stay with you throughout the earnings season.