Apart from the above, companies like 3M India, Borosil, Delhivery, Happy Forgings, Ikio Lighting, Hindustan Foods, Honeywell Automation, Zaggle Prepaid and a few others will also declare their quarter results.
M&M Q3 expectations
Mahindra and Mahindra (M&M) is expected to report a solid earnings for the third quarter ended December 2024, led by growth across segments and better realisations.Revenue from operations in the third quarter is likely to jump 22% year-on-year (YoY), according to an average estimate of four brokerages. Net profit, meanwhile, is seen rising upwards of 30% YoY.The auto major clocked a robust growth in volumes in both the auto and farm segments. While auto volumes were up 17% YoY, farm segment’s rose 20% YoY in Q3.
Analysts also estimate overall EBITDA margins to improve 200 bps YoY, led by a richer segmental mix (higher mix of tractor segment), operating leverage benefit and cost-control measures.
“We estimate a 21% YoY increase in revenues in 3QFY25, led by 26% YoY growth in tractor segment revenues, mainly due to 20% YoY increase in volumes and 19% YoY increase in the automotive segment’s revenues, driven by a 17% YoY increase in volumes driven by SUV and export segments,” said Kotak Equities.
LIC Q3 expectations
State-owned Life Insurance Corp is likely to report mid single-digit growth in its profitability in the third quarter ended December 2024 even as the annual premium equivalent (APE) is expected to see a decline.
Emkay Global estimates a profit growth of 5% YoY to Rs 9908 crore, while APE may witness 19% drop to Rs 10,686 crore.
In the recent second quarter, LIC reported a 4% decline in its standalone net profit at Rs 7,621 crore for the quarter ended September 2024.
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