Infosys, Reliance Industries and Axis Bank will be declaring their Q3 results. The street is watching out for these numbers not just to assess the company’s performance but also direction for the industry at large.
The Q3 results season is underway in full swing and a host of important numbers will be announced today. All eyes are on the Infosys Q3 results for better clarity on the demand situation across the IT sector. RIL results are important as the street is watching out for potemtial announcement with regards to the listing plans for Reliance Retail. Axis Bank Q3 is one of the foirst major banking numbers this season. All eyes will be on loan growth, NIMs and management commentary on future outlook.
Key earnings to track today
Infosys Q3FY25 earnings
Tech bellwether Infosys results will be announced around 3:45 pm today. The key factor that the street is watching out for is the management commentary on the demand outlook. While TCS management did provide a positive outlook, cautious revenue guidance from HCL Tech earlier this week was a sentiment dampener for the IT stocks. Most brokerage firms expect a muted revenue guidance from Infosys while the net profit is likely to be in low single digit. The Infosys stock is trending upwards. However if we analyse the stock’s movement between the Q2 earnings and now, its been up just 1.56%, almost flat. However, on a 1-year timeframe, the stock has yielded 19% returns for investors.
RIL Q3FY25 earnings
Oil and Gas major, Relianec Industries numbers are also expeceted later today. The street is expecting mixed performance from this bluechip counter. Strong telecom earnings, moderate growth in retail business coupled with improvement in refining margins is what most analysts are betting on. Sharp increase in the O2C segment and the nearly $2 per barrel improvement in GRMs is expected to offset soft petchem performance. That apart the investors will also watch out for many management commentary on the listing plans for Reliance retail business. The Reliance Industries stock is however down 10% between last earnings season and now. Though it ended higher on January 15, the 1-years returns for RIL are also negative, down nearky 9%.
Axis Bank Q3FY25 results to watch
Among the key banking numbers, all eyes will be on Axis Bank today. Most brokerages expect flat loan and deposit growth. Most brokerages see weak set of numbers by this large-cap private bank on the back of margin pressure and weak asset quality. Though the bank’s stock is trading near its 52-week highs, it ended lower in trade on January 15. On a 3-month basis it is down 10% between last earnings seasons and now. Even the 1-year returns for the bank is in negative zone, down nearly 8%.
All in all, these earnings will not just be important indicator for the company’s performance and decide the direction of the stock but also give investors a broad sense of the overall industry’s growth trajectory. Infosys management’s comment on salary hikes is another important announcement that the street would be watching for.
Source: www.financialexpress.com
