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Earnings Season Heats Up: 27 Firms Report Today!
15 Jan
Summary
- 27 companies releasing Q3 earnings on Thursday.
- HDFC Life margins may face pressure due to GST impact.
- Angel One earnings expected to decline due to regulatory changes.
The ongoing December quarter earnings season features a significant batch of 27 companies releasing their Q3 financial results today. Investors are keenly awaiting these announcements, focusing on commentary regarding demand conditions, profit margins, and prevailing cost pressures within a mixed macroeconomic landscape.
Among the prominent results are HDFC Life Insurance, Angel One, and Jio Financial Services. Brokerage analyses suggest HDFC Life may show steady growth in new business, though its margins could be squeezed by the disallowance of input tax credit on GST. Angel One faces expectations of declining profits due to ongoing adjustments to regulatory changes in the derivatives segment.
Further insights into industry performance will come from L&T Technology Services and banking entities like South Indian Bank and Fedbank Financial Services. These reports will offer clarity on growth momentum, strategic initiatives, and asset quality trends.
