Q3 Results Today: 57 Firms Including Eternal, Dr Reddy’s, HPCL Declare Earnings

57 Indian listed companies ranging from pharmaceutical, banking, and fuel services to logistics services and financial service providers will announce their Q3 Results today. The majority of these companies include Dr Reddy's Laboratories Ltd, Eternal (owner of a major delivery platform), Hindustan Petroleum Corporation Ltd, Bajaj Consumer Care Ltd, Bank of India Ltd, Canara HSBC Life Insurance Company Ltd, PNB Housing Limited, Jindal Stainless Ltd, KEI Industries Ltd and UTI Asset Management Company Ltd.

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Dalmia Bharat Ltd, Supreme Industries Ltd, Tata Communications Ltd and Gravita India Ltd are also part of the list according to the BSE Calendar, and investors are keeping an eye on these announcements during the ongoing earnings season/quarter. The Previews so far suggest disparate outlooks across different Sectors.

Eternal Eyes Quick Commerce Boost

Eternal (the parent company of a leading food-delivery service) is projecting revenue growth from its quick commerce division. An estimate by Axis Securities indicates a net profit projection of ₹94 crores, representing an increase from previous quarters. Operating margins would improve slightly. There are two major areas to monitor: the verticals that Eternal is offering quick commerce solutions for and the growth in gross order value.

There are solid sequential trends driving this expectation.

Dr Reddy’s Faces Sequential Dip

Reddy's Laboratories has indicated a decrease in net income from the previous quarter, along with reduced income from revenue and EBITDA. Kotak Institutional Equities has indicated that they anticipate lower sales in North America due to pressure from dropping prices.

The Domestic and Russia operations will show improvement caused by sales gains, primarily in volumes sold. The primary focus remains on identifying contributions and future growth of their base business.

HPCL Set for Profit Rise

Hindustan Petroleum's net income is expected to grow due to the declining price of oil, the strong demand for its retail fuels and the steady supply chain of products. Kotak Institutional Equities expects positive movement in EBITDA as a result of positive crack spread movement, as well as receipt of additional funds from LPG per barrel compensation.

Current gross margins generated by refining remain steady. However, crude throughput remains steady.

These communications provide the sector with a snapshot of its performance through the earning potential of different industries from the pharmaceutical business, oil and gas industry, and into the future.