Reliance Industries: Mukesh Ambani-owned Reliance Industries Ltd will announce its December quarter (Q3FY24) results on 19 January, Friday. The oil-to-telecom conglomerate is expected to report a 9.3% year-on-year rise in consolidated net profit to ₹17,257 crore, aided by a steady performance of its digital and retail businesses. Consolidated revenue for Q3FY24 is likely to rise 5% YoY to ₹2.31 trillion.
Sequentially, however, performance may be muted. Paytm: The fintech firm's parent company One 97 Communications is expected to report strong revenue growth, with net losses narrowing in the third quarter of FY24. The company’s revenue from operations during Q3FY24 is expected to grow 32% year-on-year (YoY) to ₹2,721 crore.
Net loss is seen narrowing to ₹280 crore. Hindustan Unilever: The FMCG major is expected to see muted earnings growth during the third quarter of FY24 as weak festive demand and price cuts are likely to have weighed on its volume and revenue growth. The company will release its Q3 results on Friday, with net profit seen rising 2.2% on year to ₹2,638 crore, as per average estimates of five brokerage houses.
Revenue will likely remain flat at ₹15,400 crore. The company is expected to deliver muted volume growth of 1%-2%. HDFC Bank: India’s largest private sector lender is seeking to open its first branch in Singapore, signalling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp., last year.
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