Q3 results today: Wipro, Jio Financial among 36 companies to announce earnings on Friday

ET Main

The Economic Times App

10M Downloads

Download

ETLogin button

Today's Paper

Recos

Stocks

Screeners

Stream

Watchlist

Top SearchesInfosys Q3 Results FY25Axis Bank Q3 Results FY25Reliance Industries Q3 Results FY25Infosys Q3 Results FY25Sensex TodayAdani Power Share PriceHDFC Life Share PriceStocks in News TodayQ3 Results TodayBSE Share PriceAdani Green Share PriceIRFC Share Price

Earnings

Q3 results today: Wipro, Jio Financial among 36 companies to announce earnings on Friday

Agencies

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

Synopsis

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.

By ETMarkets.com

Jan 17, 2025, 07:11:00 AM IST

The third quarter earnings season is underway and around 36 companies will announce their results on Friday. Key earnings to watch out include from Wipro, Jio Financial, Tech Mahindra and SBI Life.

Apart from the above, companies like Indian Hotels, ICICI Lombard, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing, Rallis India, Sterlite Technologies and a few others will also declare their quarter results.

Wipro Q3 expectations

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may wel

l be the weakest among the peers.

Estimates for the revenue growth for the October-December 2024 period seem to be varied, but an average of 7 brokerages indicates that the same will grow at 0.6% year-on-year (YoY). Some not so optimistic analysts among the seven have predicted a degrowth of 0.2%.

ET Main

The Economic Times App

10M Downloads

Download

ETLogin button

Today's Paper

Recos

Stocks

Screeners

Stream

Watchlist

Earnings

Q3 results today: Wipro, Jio Financial among 36 companies to announce earnings on Friday

Agencies

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

Synopsis

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.

By ETMarkets.com

Jan 17, 2025, 07:11:00 AM IST

The third quarter earnings season is underway and around 36 companies will announce their results on Friday. Key earnings to watch out include from Wipro, Jio Financial, Tech Mahindra and SBI Life.

Wipro Q3 expectations

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.

Net profit for the same period is seen rising 12% YoY, according to an average estimate of these 7 brokers.

In constant currency terms, analysts widely expect revenue to decline 1% quarter-on-quarter (QoQ) due to softness in key verticals of communications and manufacturing. Additionally, furloughs could also weigh on the CC revenue numbers.

SBI Life Q3 expectations

The company is likely to see growth in profitability even though there is muted growth in the SBI Channel. For instance, Motilal Oswal expects the PAT in the third quarter to grow around 56% (year-on-year) YoY, while Axis Securities sees the bottomline jumping nearly 50%.

Growth in the new business premium is expected to remain stable and single-digit VNB (Value of new business) growth is anticipated in the December quarter. Meanwhile, margins are likely to remain flattish QoQ.

Tech Mahindra Q3 expectations

IT services company Tech Mahindra’s revenue may grow between 0.7% and 2.6% year-on-year according to estimates of five brokerages. The topline could be in the range of Rs 13,200 crore - Rs 13,436 crore.

Tech Mahindra’s adjusted net profit for Q3FY25 is seen to grow in a wide range of 42% to 102%, the estimates revealed. The bottom line could be between Rs 976 crore and Rs 1,040.