As the Q3 earnings season begins, companies are releasing their financial performance for the October-December quarter (Q3FY25). These announcements are setting the tone for the market, keeping investors on their toes as they analyse revenue growth, profitability, and future guidance. With several firms lined up to release their earnings reports, the stock market is abuzz with activity, offering keen opportunities for investors to watch and act.

Stocks in Focus: GIFT Nifty was trading 154 points or 0.66 per cent hiher at 23,416.00 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday.

Sensex and Nifty close higher on January 15

Indian equity markets wrapped up January 15 session on a positive note, showcasing steady gains. The BSE Sensex climbed 0.29% to close at 76,724.08, while the NSE Nifty 50 edged up by 0.16% to settle at 23,213.20.

Quarterly watch: Key earnings announcements on January 16

On January 16, the quarterly earnings of companies such as Infosys, Reliance Industries, LTIMindtree, Axis Bank, Havells India, Metro Brands, Sterling and Wilson Renewable Energy, Mastek, Kesoram Industries, Alok Industries, Hatsun Agro Product, Spencers Retail, Plastiblends India, Waaree Renewable Technologies, Bhansali Engineering Polymers, Shekhawati Industries, Radhika Jeweltech, Mudra Financial Services, Khaitan Chemicals Fertilizers, D B Corp, Digicontent, Julien Agro Infratech, Pacheli Industrial Finance, Sanathnagar Enterprises, Last Mile Enterprises, Space Incubatrics Technologies, Decillion Finance, G.G. Automotive Gears, G G Engineering, Mahesh Developers, National Standard India, Onix Solar Energy, Sellwin Traders, Hawa Engineers, and Tti Enterprise are scheduled to be announced.

Infosys and Reliance Industries: Upcoming earnings in focus

All eyes will be on Infosys, Reliance Industries as well as Axis Bank as they are set to announce their quarterly earnings today.

Also Read: Here are 6 things to know about Infosys shares ahead of Q3 earnings

Stocks to watch on January 16, 2025

L&T Technology Services

L&T Technology Services reported a 4.1% dip in Q3 net profit, which stood at Rs 322.4 crore. However, the company’s revenue grew by 9.5% year-on-year, reaching Rs 2,653 crore. The firm’s EBITDA stood at Rs 422 crore, reflecting the pressures of narrowing profit margins in a competitive market.

Adani Green Energy

Adani Green Energy Ltd (AGEL) posted a 37% year-on-year increase in operational capacity, reaching 11,609 MW. The company expanded its footprint with greenfield additions of 2,693 MW in solar and 438 MW in wind power plants across Gujarat and Rajasthan, underscoring its growing influence in the renewable energy space.

Punjab & Sind Bank

Punjab & Sind Bank reported a substantial 146.72% YoY jump in net profit, reaching Rs 282 crore for Q3. The bank’s Net Interest Income (NII) rose 27% to Rs 938.7 crore, a strong indicator of its improving financial health and growing market presence.

Also Read: Here are 4 things you need to know about RIL shares ahead of Q3 results

Exide Industries

Exide Industries has made a Rs 149.99 crore investment in its subsidiary, Exide Energy Solutions Limited (EESL), bringing the total investment to Rs 3,302.23 crore. This move strengthens its position in the EV battery market, catering to India’s expanding electric vehicle sector.

Swiggy

Swiggy has announced the formation of a new wholly-owned subsidiary, Swiggy Sports, focusing on sports and recreational activities. The Ministry of Corporate Affairs approved the incorporation of Swiggy Sports, marking a significant diversification effort for the food delivery giant.

RVNL

Rail Vikas Nigam Limited (RVNL) has bagged a major contract from Bharat Sanchar Nigam Limited (BSNL) worth Rs 3,622 crore. The project involves the creation, upgradation, and management of the Middle Mile network of BharatNet.

Happiest Minds

Happiest Minds has partnered with Coca-Cola Beverages Vietnam to develop generative AI solutions aimed at improving operational efficiency and productivity. This collaboration highlights the growing role of AI in enhancing business performance across sectors.

RBL Bank

RBL Bank appointed Soma Sankara Prasad as an independent director for a term of four years, starting January 15, 2025. This leadership change is expected to bring fresh perspectives and strategies as the bank continues its growth trajectory.

Also Read: RIL Q3FY25 results: Brokerage expect flattish growth

Rashi Peripherals

Rashi Peripherals is acquiring a 70% stake in Satcom Infotech, a cybersecurity distributor. This acquisition aims to fortify Rashi’s position in the ICT sector, enhancing its portfolio and partnerships in the growing cybersecurity market.

GAIL

GAIL announced a settlement with SEFE Marketing & Trading Singapore Pte Ltd in a pending arbitration case. The agreement includes a payment of $285 million by SEFE to GAIL and the withdrawal of the arbitration proceedings at the London Court of International Arbitration, marking a resolution to the long-standing dispute.