Q3 Results Today: IndusInd Bank, Polycab Among 42 Companies To Report Earnings
Among other important results that can be tracked in detail today include those of Indiamart InterMesh, Mastek, Metro Brands, Polycab, Home First Finance Company, Poonawalla Fincorp, South Indian Bank, Shoppers Stop and Tata Communications.
Asian Paints on Wednesday reported consolidated net profit of ₹1,448 crore for the quarter ended December, up 35% year-on-year. This is higher than the ETNow poll of Rs 1,353 crore. Consolidated operating revenue rose 5.4% year-on-year to ₹9.13 billion, but lagged expectations of ₹9.356 billion.
LTIMindtree is another Nifty company that reported a consolidated PAT of Rs 1,168.9 crore as against ET NOW poll of Rs 1,175 crore. The net profit of IT service companies increased by 17% compared to the same period last year. Just a year ago, it was around 100 billion won.
Read More: IndusInd Bank Q3 Results Preview: Profits, NII grow by double digits; Asset quality is stable
IndusInd Bank Q3 Results
Leading private sector lender IndusInd Bank is expected to post healthy growth in net interest income (NII) for the quarter ended December, driven by robust loan growth.
NII in the third quarter is expected to grow about 16% year-over-year, according to the average estimate of five analysts. NII growth is likely to slow slightly from the 18% posted in the previous September quarter. Looking at it sequentially, NII is expected to rise by about 2%. In addition, according to four average estimates by securities companies, net profit from October to December was found to increase by 11% compared to the same period last year.
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