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Q3 FY24 Earnings Season

23 companies reported · 16 bullish · 0 bearish · 7 neutral

Sector views this quarter

Companies

Coalindia · Q3 FY24 bullish high

Coal India reported a strong Q3 FY24 with highest-ever nine-month revenue of INR 104,914 crore (+5% YoY) and PAT of INR 23,849 crore.

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Ongc · Q3 FY24 neutral medium

ONGC reported Q3 FY24 standalone PAT of INR 9,536 crore, down 13.7% YoY due to lower crude and gas realizations and GST on royalty provisions.

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Bharat Petroleum Corporation · Q3 FY24 bullish high

BPCL reported Q3 FY24 revenue of ₹1,29,976 crore and PAT of ₹3,397 crore, with nine-month PAT at ₹22,449 crore (vs loss last year).

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Powergrid · Q3 FY24 bullish high

PowerGrid reported consolidated Q3 FY24 revenue of INR 11,820 crore and PAT of INR 4,028 crore, with EBITDA margins maintained above 80%.

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Sbin · Q3 FY24 bullish high

SBI reported Q3 FY24 PAT of ₹9,164 crore, absorbing a one-time exceptional provision of ₹7,100 crore for pension and dearness relief.

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Asianpaint · Q3 FY24 bullish high

Asian Paints reported a strong Q3 FY24 with 12% volume growth in decorative business, driven by recovery in Tier 3/4 cities and robust industrial performance.

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Bajajfinsv · Q3 FY24 bullish high

Bajaj Finserv reported a strong Q3 FY24 with consolidated total income up 34% to INR 29,038 crore and PAT up 21% to INR 2,158 crore.

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Britannia · Q3 FY24 neutral medium

Britannia reported Q3 FY24 revenue of INR 4,192 crore, up 2% YoY, with operating profit margin of 17.7%.

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Grasim · Q3 FY24 neutral medium

Grasim's Q3 FY24 consolidated revenue grew 12% YoY to INR 31,965 crore, with EBITDA up 34% to INR 5,150 crore, driven by volume growth in VSF (34%) and caustic soda (5%), though...

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Maruti · Q3 FY24 bullish high

Maruti Suzuki reported a strong Q3 FY24 with PAT of INR 3,130 crore, up 33% YoY, driven by record quarterly exports of 71,785 units and a favorable product mix.

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Divislab · Q3 FY24 neutral medium

Divis Laboratories reported a steady Q3 FY24 with PAT of INR 358 crore on total income of INR 1,950 crore.

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SBI Life Insurance Company · Q3 FY24 bullish high

SBI Life delivered a solid Q3 FY24 with PAT of INR 10.8 billion (+15% YoY) and VNB of INR 40.4 billion (+11% YoY).

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Adaniports · Q3 FY24 bullish high

Adani Ports delivered its strongest ever quarterly performance in Q3 FY24, with revenue surging 45% YoY to INR 6,920 crore and EBITDA growing 39% YoY to INR 4,186 crore.

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Sunpharma · Q3 FY24 bullish medium

Sun Pharma reported Q3 FY24 consolidated revenue of INR 12,157 crore, up 9.5% YoY, driven by strong specialty sales (up 26.1% to $296M) and India formulation growth of 11.4%.

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Cipla · Q3 FY24 bullish high

Cipla delivered a strong Q3 FY24 with revenue of INR 6,544 crore (+14% YoY) and EBITDA margin of 26.3%, driven by market-leading growth in India (+12%), an all-time high US reve...

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Icicibank · Q3 FY24 bullish high

ICICI Bank reported a strong Q3 FY24 with PAT growing 23.6% YoY to ₹102.72 billion, driven by robust loan growth of 18.5% YoY and stable asset quality.

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Reliance · Q3 FY24 bullish high

Reliance Industries delivered a strong Q3 FY24 with consolidated EBITDA of INR 44,700 crore (+17% YoY) and net profit of INR 19,641 crore (+11% YoY), driven by robust performanc...

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Bajaj Finance · Q3 FY24 neutral medium

Bajaj Finance reported a mixed Q3 FY24 with strong AUM growth of 35% to INR 311,000 crore and record new customer acquisitions of 3.85 million.

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TATA CONSUMER PRODUCTS · Q3 FY24 bullish high

Tata Consumer Products delivered a strong Q3 FY24 with consolidated revenue growth of 9% and EBITDA expansion of 190 bps.

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HDFC Bank · Q3 FY24 neutral medium

HDFC Bank reported a 33.5% YoY PAT growth to INR 164 billion, driven by strong advances growth of 4.9% QoQ and stable NIM at 3.4%.

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Apollohosp · Q3 FY24 bullish high

Apollo Hospitals reported a strong Q3 FY24 with consolidated revenue of INR 4,851 crore (+14% YoY) and EBITDA of INR 614 crore (+21% YoY).

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HCLTech · Q3 FY24 bullish high

HCLTech delivered a strong Q3 FY24 with 6% sequential revenue growth in constant currency, the highest since Q3 FY21.

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TCS · Q3 FY24 neutral medium

TCS reported Q3 FY24 revenue of INR 63,583 crore, up 4% YoY, with operating margin expanding 70 bps sequentially to 25%.

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