Q3 results today: HDFC Life, L&T Tech among 24 companies to announce earnings on Wednesday
earnings season is underway and about 24 companies will announce their quarterly numbers on Wednesday. Key results to watch out include from HDFC Life, L&T Tech and Bank of Maharashtra.
Apart from the above, companies like CEAT, Nelco, Oriental Hotels, Indiabulls Enterprises, Aeroflex Industries, Oracle Financial and several others will also declare their results.
HDFC Life Q3 expectations
Leading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.
There are no other estimates on the company's third quarter profit and net premium income. However, the value of new business (VNB) growth is likely to be anywhere between 19-21% YoY during the quarter. Most estimates predict a decline in VNB margins on a YoY basis.
Investors will watch out for product mix, impact of change in surrender value regulations on the margins and any guidance on sales through bank channels.
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