Q3 Results Today: Bajaj Auto, Tata Steel, Tech Mahindra, DLF among 78 companies to announce earnings
earnings season, Wednesday will see another seventy eight companies listed on the BSE announcing their December quarter earnings. The Street will be closely tracking the results of two-wheeler major Bajaj Auto along with Nifty constituents Tata Steel and Tech Mahindra.
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The other important results will be Ujjivan Small Finance Bank, Tech Mahindra, UCO Bank, TVS Motor Company, Tata Steel, Railtel, PNB Housing, Laurus Labs, Indian Overseas Bank, Indian Oil Corporation, DLF, DCB Bank, CONCOR, Ceat, Canara Bank, Bluedart, Bajaj Auto and Aarti Drugs.
On Tuesday, Axis Bank along with 69 other BSE listed companies announced their October-December quarter results. The fourth largest private sector lender reported a 4% year-on-year jump in its standalone net profit to Rs 6,071 crore for the said quarter. It was Rs 5,853 crore in the last-year period. The profit was marginally higher than the ET Now Poll estimate of Rs 5,924 crore. Net interest income (NII) in the third quarter rose 9% to Rs 12,532 crore.
Read more:Axis Bank Q3 Results: Net profit rises 4% YoY to Rs 6,071 crore, beats estimate
Here's what to expect from Bajaj Auto and Tech Mahindra:
Bajaj Auto Q3 results
Bajaj Auto is expected to report strong double-digit growth in earnings for the quarter ended December, aided by higher volumes, price hikes, and easing input cost pressures. The two-wheeler maker’s net profit is seen rising a sharp 33.3% year-on-year (YoY) to Rs 1,987 crore, led by an over 29% growth in revenue and a 32% growth in the operating profit, the average of estimates given by eight brokerage firms showed.
Read more: Bajaj Auto Q3 preview: PAT may surge 33% YoY on strong volumes, price
